UNW celebrates being appointed as due diligence provider for Automotive Transformation Fund project

UNW news /  28 November 2023

UNW’s grants team has over 25 years’ experience of helping companies to access government grant funding, and has recently secured appointment as due diligence provider for an exciting new foreign investment project in the North East of England, bringing our tally of appointments as Automotive Transformation Fund due diligence providers in the last two years to four.

What is the Automotive Transformation Fund?

The ATF is a funding programme which supports strategically important capital and R&D investments in the UK and is focused on companies involved in:

  • Batteries (including cells), Electric Machines and Power Electronics.
  • Fuel.
  • Upstream supply chain for any of the above.

After applying for funding and successfully completing the ATF assessment, applicants will receive an offer in principle. All awards are then subject to due diligence being undertaken by a third party.

How can UNW help?

UNW has a detailed knowledge of the automotive industry and has worked on number of ATF projects providing the third party due diligence.

UNW’s experience working with grant programmes for over 25 years makes us one of the most experienced providers for this specialist work. Since 2010 alone, our grants team has worked with over 500 UK businesses (including automotive OEMs and tier 1 and tier 2 suppliers) who have successfully accessed over £600m grant funding for capital expansion projects.

UNW is well placed to provide either expert support with the application process or undertake due diligence once an applicant has successfully completed the ATF assessment process. We can also provide an independent accountant’s report which is required when successful applicants are submitting their claims.

What are the next steps?

Please get in touch with our specialist grants team if you are working on a capital investment project which would be eligible for support and are seeking assistance in any of the following areas:

  • Support with the submission of an application.
  • Due diligence in relation to a successful application.
  • Providing an independent accountant’s report to accompany claims.
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