The UK’s innovation agency, Innovate UK (formerly the Technology Strategy Board) has put up a pot of £15 million ($24 million) in grants for the development of vehicle technologies that can reduce CO₂ emissions.

Funding will be awarded on a competitive basis. Innovate UK is seeking proposals in these areas:

• Electric machines and power electronics
• Energy storage and energy management
• Lightweight vehicle and powertrain structures
• Internal combustion engines and energy efficiency

Other fields will also be considered, but they must be “highly disruptive technologies, which will significantly accelerate the reduction of CO₂ beyond that achieved through standard product development cycles.”

Proposals must be collaborative and business-led, and must be clearly applicable to road-going vehicles.

Innovate UK expects to fund mainly industrial research projects in which a business partner will attract up to 50% public funding. Projects are expected to range in size from £500,000 to £2 million ($804,000 to $3 million).

Source: Green Car Congress