The Advanced Propulsion Centre is to invest up to £100 million in collaborative research and development funding to support the development of low carbon, low emission automotive propulsion technologies.
You can join a webinar at 10h00 on Monday 8 December 2014 explaining what economists mean by value for money and what they are looking for as part of a good project submission.
Presentation by Michael Clark, Economic Advisor at the Department of Business, Innovation and Skills.the opportunities and process of how to apply for project funding.
Register for the webinar here .
Projects must demonstrate technologies that:
Projects must be collaborative and business-led and include a vehicle manufacturer or a tier 1 supplier and an SME partner.
Overall, each project should aim to attract no more than 50% public funding of the total eligible project costs.
We expect to fund mainly industrial research, in which a business partner will generally attract up to 50% public funding for their project costs (60% for SMEs), or experimental development, with a business partner attracting 25% funding (35% for a SME).
We expect total eligible project costs to be between £5m and £40m.
Projects are expected to last between 18 and 42 months.