UK-registered businesses can apply for a share of up to £1billion for R&D and capital projects that help industrialise the electrified automotive supply chain at scale in the UK.
Any UK-registered business claiming grant funding must be eligible to receive State aid at the time we confirm you will be awarded funding. It is not possible to award grant funding to organisations meeting the condition known as undertakings in difficulty. If you are unsure please take legal advice. For further information see our general guidance on state aid.
Your business does not have to be UK registered with Companies House when you apply, but it must be registered before you can receive funding.
Your total eligible project costs and project duration must be appropriate and in proportion to the planned objectives and prioritisation within the Automotive Transformation Fund.
To lead a project or work alone your organisation must:
- Be a UK-registered business of any size
- Carry out its project work in the UK
- Exploit the results from or in the UK
- Address the requirements of the Automotive Transformation Fund
To collaborate with the lead organisation your organisation must:
- Be a UK-registered business, academic institution, charity, public sector organisation or RTO
- Carry out its project work in the UK
- Intend to exploit the results from or in the UK
- Be invited to take part by the lead applicant
There are no restrictions on the number of applications a business or RTO can submit.
UK-registered businesses can apply for a share of up to £1billion to fund innovation projects in this competition.
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.
Industry-led research projects
For industry-led research projects, your total grant funding must not exceed 50% of your total eligible project costs. This is regardless of the individual partners’ grant claims. Of that 50%, you could get funding for your eligible project costs of up to:
- 70% of your eligible project costs if you are a micro or small organisation
- 60% of your eligible project costs if you are a medium-sized organisation
- 50% of your eligible project costs 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
If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them.
Research projects are funded under article 25, ‘Aid for research, development and innovation’ of the General Block Exemption Regulation (GBER). It is your responsibility to make sure that your organisation is eligible to receive state aid.
Capital investment projects
Capital projects will be managed through the Automotive Transformation Fund capex team and BEIS.
For capital projects the grant available is dependent on the proposed project and will be determined during the second stage of the application process. The grant requested should be the minimum required to ensure sustainability of the investment.
Further information on the process will be provided at the full stage.
Innovate UK are not funding R&D that involves low-carbon fuels development.
They are not funding capital investments that:
- Include investment in final electric vehicle assembly at original equipment manufacturers (OEM)
- Are related to charging infrastructure
- Supports retail and wholesale fuel supply (except where used for own development purposes)
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.