New funding announced to help the UK PEMD industry scale-up
Projects are being sought to share £5 million in funding and improve power electronics, machines and drives (PEMD) manufacturing supply chains in the UK. Run by Innovate UK the ‘PEMD scale-up’ competition from the driving the electric revolution challenge at UK Research and Innovation supports the growing need to invest in UK PEMD manufacturing.
Being run in two strands the £5 million funding competition will enable the scale up of PEMD manufacturing in the UK. These projects are designed to develop a resilient, cross-sectoral, UK supply chain for these enabling technologies critical for net zero.
Strand one: adopting manufacturing best practice
Aims to:
- fund feasibility studies that support the transfer of:
- knowledge
- solutions
- technologies
- best practice from other manufacturing sectors
- demonstrate the impact of these innovations on the PEMD supply chain.
Strand two: manufacturing process development
Aims to fund innovative process development projects that impact manufacturing:
- cost
- capability
- efficiency to grow resilient manufacturing PEMD supply chains.
Who should apply
UK-registered businesses of any size in the PEMD supply chain can apply for the competition:
- strand one projects can request grants of up to £400,000
- strand two projects can request grants of up to £800,000.
Up to 70% of the applicant’s project costs can be covered, depending on the size of the business.
