Through a research and development competition, which opens on 7 March 2011, the TSB is looking to invest up to £8m in industry-led collaborative projects aimed at achieving significant cuts in CO2 from vehicles.
Up to £2m will be allocated to projects in each of four technology areas: internal combustion engines, energy storage and energy management, lightweight vehicle and powertrain structures, and electric machines and power electronics.
Grants will range from £250,000 to £750,000 per project, dependant on the technical barriers to be overcome, the size of the consortium and the length of the project.
Through a feasibility studies competition, which also opens on 7 March, the Technology Strategy Board is also looking to invest up to £1m in industry-led projects targeted at disruptive technologies that challenges current conventions.
Each project, which should not exceed 12 months in duration, is expected to be valued at no more than £100,000, and up to 75 per cent of funding may be available. A further competition may take place in 2012, creating an opportunity for follow-on funding.
Labour pledge to tackle four key barriers in UK energy transition
I'm all for clarity and would welcome anyone who can enlighten me about what Labour's plans are for the size and scale of this Great British Energy....