Supporting the uk’s industrial strategy

We will deliver on the UK’s industrial strategy “future of mobility” grand challenge. We will develop the processes to transition the UK to become a world leader in manufacture of batteries for vehicle electrification.

Electrification agenda

By 2035, the growing automotive battery supply chain opportunity is forecast to be worth potentially £5bn per year in the UK and £50bn per year across the EU. This will also drive significant jobs growth in these growing industries.

We will support the UK’s national electrification agenda which has been developed jointly through the UK Automotive Council and the Advanced Propulsion Centre.

Industrial strategy challEnge fund

A key element of the UK Government’s new Industrial Strategy, the Faraday Battery Challenge will bring together research and development, including supply chain and manufacturing development for the electrification of vehicles – £246 million over four years – to help UK businesses seize the opportunities presented by the move to a low carbon economy. The challenge is split into three elements: research, innovation, and scale-up. It is among the first of six investment areas announced by the Government to be funded through the Industrial Strategy Challenge Fund (ISCF).

The ISCF builds on the UK’s world-class research base and delivers the science and technology that business needs to transform existing
industries and create new ones. It accelerates commercial exploitation of the most exciting technologies the UK has to offer the world to ensure that scientific investment truly delivers economic impact, jobs and growth right across the country. The ISCF is delivered by the UKRI, the single voice for the UK’s research and innovation landscape.

Steps in cell development