Automotive component maker Strip Tinning jumped after landing a £3m UK government grant to expand its manufacturing and develop the battery-connection technology it supplies to electric-vehicle makers.
Strip Tinning Holdings (AIM: STG), a Birmingham-based specialist in connection systems for the automotive sector, said it had been awarded a £3m grant under the government’s DRIVE35 funding programme, delivered by the Advanced Propulsion Centre UK (APC) together with Innovate UK. The award, announced on 10 August 2026, is non-dilutive funding the company can put to work alongside its own resources.
That money is earmarked to scale up UK manufacturing and to advance the company’s Cell Contacting System (CCS) technology — the components that link the cells inside an electric-vehicle battery pack. Strip Tinning said the funding would help it meet expected demand from existing contracts in 2027 and beyond, backing a scale-up on home soil rather than diluting shareholders to pay for it.
DRIVE35 is part of a £4bn government programme to build a domestic supply chain for next-generation vehicles, so for a small manufacturer a grant of this size is both a financial boost and a signal of confidence in its technology from the UK’s automotive-industrial base. Attention on London’s junior market now turns to how quickly Strip Tinning can convert the funding and its contract pipeline into revenue as EV programmes ramp from 2027.
The award was published via regulatory news (RNS); further detail via London Stock Exchange RNS and Investegate.
This article is for general information only and does not constitute investment advice or a recommendation to buy or sell any security. Photo: Homa Appliances on Unsplash.
Small Cap News covers London’s junior market – AIM, small-cap and growth companies – with concise, sourced reporting on the results, deals and regulatory news that move share prices. We track the stories private investors actually need, from contract wins and drilling updates to fundraises and half-year figures, straight from the market’s own announcements.