Government investing almost £1million in transport tech start-ups

(2 minutes to read)

Now in its 10th round of funding, the government has provided £4.6 million via this grant over the past five years to more than 140 technology and innovation projects.

Innovative and tech-focused transport start-ups can bid for a share of almost £1 million (£960,000) in Department for Transport funding.

The grant – called the Transport-Technology Research and Innovation Grant (T-TRIG) – is available for entrepreneurs and innovators pioneering new ways of creating a better transport system.

Issuing targeted investments of up to £30,000 for each project, the fund aims to help start-ups and academics propel their ideas to market quicker.

The Minister for the Future of Transport, George Freeman MP, said, “This government is committed to improving the UK’s transport network, from tackling air pollution to fixing potholes for good.

“We now have an exciting opportunity to stimulate the brightest thinkers in our universities and small business networks to try out novel solutions to fix legacy problems across our transport system and realise their visions for the future.

Schemes like this grant will ensure the UK retains its reputation as a world-leading innovator, and I encourage early-stage businesses in the transport sector to apply for the funds available.”

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The funding is a key part of the UK’s Future of Mobility Grand Challenge strategy, which is taking advantage of the extraordinary innovation in UK engineering and technology happening today to help the government deliver better journeys for all.

Unique to this year’s grant, the competition has 3 themed elements: Decarbonisation, Age-friendly and Accessible Transport, and Potholes and Resilient Infrastructure, reflecting the Industrial Strategy Grand Challenges and core issues facing the UK’s transport network.

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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