The Advanced Propulsion Centre UK has launched its latest round of funding for SMES as it marks a decade of innovation in the automotive sector.
In celebration of its 10-year milestone, the APC has announced the eighth wave of its Technology Developer Accelerator Programme (TDAP), encouraging micro, small, and medium-sized companies to register their interest in the programme.
The TDAP funding opportunity presents SMEs with the chance to secure financial support for their innovative projects in the automotive sector, helping them commercialise their cutting-edge technologies and contribute to the growth of the UK automotive industry.
It comes as the Advanced Propulsion Centre UK hosted a celebratory reception to commemorate its 10-year anniversary in the House of Commons, featuring speeches from former Business Secretary, Sir Vince Cable, the Minister for Industry and Economic Security, Nusrat Ghani MP, and host Matt Western MP, who shared thoughts on the past, present, and future of the zero-emission vehicle sector.
Minister for Industry and Economic Security, Nusrat Ghani said: “Together with industry we have invested via the APC over £1.4 billion in R&D in our world-leading automotive sector, creating thousands of jobs in the industries of the future, and now with our Advanced Manufacturing Plan we are building on this success even further.”
Reflecting on the last decade Ian Constance, Chief Executive Officer at APC, said: “I am pleased to announce that the latest Technology Developer Accelerator Programme has launched. This programme has been very successful in bringing innovative companies through their initial phases of development – we have seen over £250m of private investment into those companies developing net-zero emission technology.
“In addition, our 25th round of collaborative R&D (Research & Development) competition funding will officially open shortly in the New Year, and we encourage people to apply when that drops in January. This competition has been central to our achievements over the past decade.”
Josh Denne, Head of SME Programmes, said: “Our programme helps ambitious businesses with early-stage on or off-vehicle, low emissions innovations. We provide support at the start of their commercialisation journey, through access to finance to develop their technology, and help them understand their route to market, protect their intellectual property, and get them ‘market ready.’ We deliver the boost they need so they are better prepared, focussed, agile, and ultimately investible.”
Image shows from left: Ian Constance, Sir Vince Cable, Minister for Industry and Economic Security, Nusrat Ghani, Matt Western MP