DRIVE35 Scale-up Fund
Closes in 82 days
Applications close 2026-11-04.
Up to GBP 150 million available at Drawdown 5 for capital investment in zero emission vehicle technology manufacturing facilities in the UK. Individual award sizes depend on the capital project.
Department for Business and Trade / Advanced Propulsion Centre / Innovate UK
public · national
Deadline: cutoff — Delivered as sequential 'drawdowns'. Drawdown 5 opened 10 August 2026 and closes 4 November 2026.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Quick — mostly identity and bank details.
Who can apply
- Sectors: mobility, manufacturing, energy
- Stage: growth
- Locally registered entity required
Aimed at capital scale-up, typically beyond seed-stage startups; DRIVE35 replaced the Automotive Transformation Fund.
Source. https://iuk-business-connect.org.uk/opportunities/ — checked 2026-08-14
"DRIVE35 Scale-up Fund Drawdown 5 - Opens: August 10, 2026, Closes: November 4, 2026. Up to GBP 150 million for zero emission vehicle technology manufacturing facilities."