The automotive industry is at a pivotal moment, transitioning towards a more sustainable and electrified future. The UK government, through the Advanced Propulsion Centre (APC), has launched the Automotive Transformation Fund (ATF) to accelerate this transition. With up to £850 million in funding, the ATF aims to develop a high-value, end-to-end electrified automotive supply chain in the UK.
Key details of the Automotive Transformation Fund:
- Awarding body: Advanced Propulsion Centre
- Funding type: Quarterly grant call
- Project Size: Minimum of £1M per project
- Next submission date: 8th January 2025
What is the Automotive Transformation Fund?
The ATF is a significant funding programme designed to support large-scale industrialisation projects within the UK automotive sector. It focuses on strategically important capital and R&D investments, particularly in the following areas:
- Battery manufacturing (gigafactories)
- Electric machines and drives
- Power electronics
- Fuel cells
- Upstream supply chain components for the above technologies
Why is the ATF Important?
The ATF is a key component of the UK Government’s 10-Point Plan for a Green Industrial Revolution and the Transport Decarbonisation Plan. By investing in the electrified automotive supply chain, the ATF aims to position the UK as a leader in the global shift towards electric vehicles. This transition is not only crucial for meeting climate targets but also represents a significant economic opportunity, with the UK upstream supply chain for electrified vehicle technologies valued at over £24 billion.
How to Get Involved
Businesses interested in the ATF can participate through the Expression of Interest competition. This process allows companies to assess their eligibility and progress to the next stage of funding. The steps include:
- Eligibility Check: Register your details to receive guidance on eligibility.
- Submit EOI: Formally submit your Expression of Interest for full capital funding.
- Support: Receive comprehensive support from the ATF team throughout the process.
- Assessment: Projects recommended for final assessment will be evaluated by dedicated teams within the Department for Business and Trade.
- Outcome: Applicants will be notified of the outcome, with all awards subject to due diligence and compliance with relevant legislation.
FI Group’s Grants Roadmapping Service
Navigating the complex landscape of grant funding can be challenging. This is where FI Group’s Grants Roadmapping service comes in. Designed to optimise your grant strategy and maximise your chances of securing funding, this service involves a thorough review of the various projects in your pipeline, from early-stage feasibility studies to technology ready for clinical trials.
FI Group’s experts analyse how these projects fit into the current and future grant landscape, qualifying and disqualifying projects based on budget, length, and scope for different funding opportunities. By identifying the most promising projects and providing tailored advice, FI Group ensures that your efforts are focused on initiatives with the highest alignment with available grants, allowing you to concentrate on research and development while enhancing your chances of success.
Final Thoughts
The Automotive Transformation Fund is a game-changer for the UK automotive industry, providing the necessary support to drive innovation and industrialisation in the electrified vehicle sector. Coupled with FI Group’s Grants Roadmapping service, businesses can strategically position themselves to take full advantage of this funding opportunity. Together, these initiatives offer a unique chance to contribute to a sustainable future while capitalising on significant economic opportunities.
For more information, visit the Automotive Transformation Fund page and learn more about FI Group’s Grants Roadmapping service.