Grant funding updates - January

    Big Boost for electric vehicle uptake

    People are familiar with power packs to extend battery life for mobile phones, laptops and tablets. People are also familiar with the idea of electric vehicles, but may be reluctant to buy one as they worry about being able to re-charge it when needed. The funding team recently won over £1.5m in grant funding for two companies to develop a power pack to fully charge an electric vehicle in only twenty minutes. The project will cover technology development, demonstration of a prototype with a city-delivery fleet and development of manufacturing processes, ready for scale up to more users. Ultimately, this will let electric vehicle users keep ‘reserve’ power at their depots to charge quickly, rather than over several hours as currently. Wider benefits of the project will be letting grid operators use ‘wrong time’ renewables and smoothing peaks and troughs of demand on electricity distribution networks.


    Turbo charging exports


     The funding team has recently secured £170,000 in grant funding for an Oldham based engineering company to invest in capital equipment. The additional capital will enable the company to manufacture larger turbo chargers (hot and cold end) and turbo charger bearing housings. No other UK company has the capability to manufacture all three key turbo charger components. The market applications are automotive (large commercial vehicles), marine and power generation. With the proposed investment in capital equipment, our client will be equipped to bid for the new export contracts. It is forecast cumulative export sales over the next five years will be £9,329,981. An increase in export sales of £7,053,419. The grant funding and increase in export sales will transform the company.


    Could the funding team help you?   

    We continuously monitor funding opportunities, from multi-million pound international collaborative grants to small start-up loans. We can produce bespoke funding reports upon request, making sense of the myriad of different grants and business loans out there. We can prepare complicated application forms and answer the market and commercial questions that so many small businesses struggle to understand. Our service doesn’t stop with producing an application; we guide customers through the administration of accepting and running a grant as well.     


    Key open funding calls 

    Capital investment grants – schemes currently open all over the UK.

    Innovation in Infrastructure Systems Round 2 – Innovate UK is to invest up to £15m in projects to stimulate innovation that creates UK business growth in infrastructure systems. Projects may include technical feasibility, industrial research or experimental development and show significant innovation in one of the following priority areas:
    • 'smart’ infrastructure;
    • energy systems;
    • connected transport; or
    • urban living.

    APC7, anchoring low carbon technology in the UK – Up to £35m in collaborative research and development funding is available in the latest round of Advanced Propulsion Centre (APC) competition funding. The competition’s aim is to take demonstrated on-vehicle technologies towards commercialisation in either on or off road vehicles. Grant funded projects must:
    • develop technologies that will lead to significant reductions in vehicle CO2 or other emissions;
    • align with Automotive Council Technology Group Roadmaps; and
    • develop the UK’s supply chain capability in low carbon vehicle propulsion or light weight systems technology.


    If you would like to explore the funding available, please contact a member of the team on 0114 236 4457 or email marketing@abbeytax.co.uk.