The Driving the Electric Revolution Challenge, launched in July 2019 by the Department of Business, Energy and Industrial Strategy as part of the Industrial Strategy Challenge Fund (ISCF), represents an investment of up to £80million over the following 4 years for business-led innovation projects that enable UK supply chain and manufacturing capability growth in power electronics, machines & drives (PEMD).
It aims to ensure the UK leads the world in the design, development and manufacture of power electronics, machines and drives (PEMD) across multiple sectors with projects that will facilitate future improvements in supply chain capability, productivity, capacity, quality, & efficiency, support the UK’s continued push towards net-zero carbon and catalyse the green economic recovery in transport, energy & industrial sectors.
Developing this competency in the UK will seize the economic opportunities from the global transition to clean technologies and electrification and drive demand for £5 billion more PEMD by 2025 and up to £80 billion by 2050, creating growth and highly skilled jobs across the UK.
Join our ‘Engage with…” weekly webinar series in which leading companies and organisations are given a platform to present their PEMD journeys, activities, challenges and future PEMD supply chain requirements, with a view of exploring future opportunities for partnerships/collaborations/projects. Find out more here.
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