UK Government to Invest in Electronic Manufacturing

UK Government to Invest in Electronic Manufacturing

The UK government has agreed to invest £4.75 million in the domestic electronics manufacturing sector.

The Technology Strategy Board (TSB) will use the money to fund collaborative research and development, and undertake a number of studies that, combined, are expected to stimulate innovation and growth in the entire electronic manufacturing industry.

In a statement, the TSB said: “We are looking to fund projects that explore novel manufacturing processes that could lead to new ways of making products in future.

“The early exploitation of these processes should improve competitiveness by enhancing functionality, reducing the size or cost, adapting form and/or enabling rapid scale-up.”

According to the government, the United Kingdom has more than 5,500 companies that design and manufacture electronic systems, which contribute around £78 billion (5%) to the UK’s gross domestic product (GDP).

TSB are seeking to fund business-led collaborative research and design (R&D) with up to 50% public funding for project costs (SMEs can get 60% funding).

The board expect that collaborative R&D project costs to be up to £500k and for projects to last between 12 and 24 months.

The deadline for registration is noon 26th March 2014 and the deadline for expression of interest for collaborative R&D projects, and for applications for feasibility projects, is noon 2nd April 2014.