New £ 1.8million fund to encourage Welsh innovation in low carbon vehicle technology

A new £ 1.8million fund to encourage companies to move beyond internal combustion engine manufacturing to produce low-carbon vehicle technologies, helping to spur innovative economic growth in the Country of Wales, is being created by Ford and the Welsh government.

The Ford Low Carbon Vehicle Transition Fund, administered by the Welsh Government as part of Ford’s Legacy of Wales, will tackle strategic industrial technical challenges associated with low carbon vehicles.

There will be a clear focus on the commercialization and exploitation of new products, processes or services and on the growing capacity of low carbon technologies.

Projects must align with one of the following Automotive Council roadmaps:

  • Storage of electrical energy;
  • Electric machine ;
  • power electronics;
  • Fuel cell;
  • Light vehicle and powertrain structure.

The new fund will open for applications on Monday, September 20, 2021.

Economy Minister Vaughan Gething said:

“The Welsh government clearly aims to help create new green jobs in industries of the future. We want Wales to be a country at the forefront of new innovative technologies that will benefit people in their everyday lives.

“Innovation is absolutely essential to the Welsh government’s low-carbon delivery plan and our response to the climate emergency. The launch of this new fund by Ford and the Welsh government is therefore a fantastic opportunity for companies across the country to be at the forefront of creating new innovative technologies for low carbon vehicles. “

Companies in the sector are encouraged to start thinking now about what technical improvements they could make and how they will use the funding to benefit the Welsh economy. This will help them build strong applications on time and start a conversation about how they could commit to becoming a zero net organization.

Simon Palmer, chief engineer for vehicle equipment at Ford Motor Company added:

“This fund is a great opportunity for companies to deliver long-term benefits to Wales and their future business needs, allowing them to develop new collaborations leading to the creation of new supply chains. We would encourage companies and researchers to work together on innovative projects in strategically important areas of science, engineering and technology.

Key dates:

  • September 20, 2021 – Opening of the competition
  • September 23, 2021 – Virtual information meeting
  • September 28 and 30, 2021 – Online Surgery Funding
  • November 1, 2021 12:00 p.m. – Application deadline
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