As part of the Automotive Transformation Fund (ATF), the Advanced Propulsion Centre (APC) has allocated up to £7million to fund feasibility studies in this competition.
You must request the minimum amount of funding needed for your project.
If your organisation’s work on the project is mostly commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For feasibility studies , you could get funding for your eligible project costs of:
- Up to 70% if you are a micro or small organisation
- Up to 60% if you are a medium-sized organisation
- Up to 50% if you are a large organisation
The research organisations undertaking non-economic activity as part of the project can share up to 30% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them.
Of that 30%, research organisations in the consortium could get funding for their eligible project costs of up to:
- 80% of full economic costs (FEC) if they are an academic institution
- 100% of their eligible project costs if they are an RTO
A 3% levy is payable to the APC by all partners on grant received.
Innovate UK are not funding:
- Projects which do not benefit the automotive sector as a primary focus
- Dedicated internal combustion engine projects
- Business-as-usual projects which maintain the status quo or do not demonstrate innovation
- Projects focusing primarily on use of digital or data technologies such as simulation or mapping
- Projects centring on pre-demonstration activities which would leave the technology far from being in a position to achieve product, process or facility scale up in the short – medium term
- Zero carbon fuels
- Vehicle charging
- Projects which do not meet the aim of the Automotive Transformation Fund
Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.
Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.
We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.