Industrial Strategy Challenge Fund: Driving the Electric Revolution

Fund seeks to invest in businesses with the aim of developing intellectual property, supply chains and manufacturing capability growth in power electronics, machines and drives. Investment focuses on short, high impact, collaborative research and development projects across 4 strands: 1) Fast Start Fill the Gaps/Proof of Concept Programmes; 2) Industrialisation Centres; 3) High efficiency, high volume supply chains; and 4) Low volume, high-value supply chains.