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.
Key points
- £3m grant awarded through the UK government’s DRIVE35 programme
- Facilitated by the Advanced Propulsion Centre UK and Innovate UK
- Funds will scale UK manufacturing and develop Cell Contacting System technology
- Aimed at meeting demand from existing contracts from 2027 onwards
What happened
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 was announced on 10 August 2026.
What the money is for
The grant, combined with the company’s own resources, is earmarked to scale up UK manufacturing and to advance its 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.
Why it matters
DRIVE35 is part of a £4bn government programme to build a domestic supply chain for next-generation vehicles. For a small manufacturer, a grant of this size is both non-dilutive funding and a signal of confidence in its technology from the UK’s automotive-industrial base.
What happens next
Attention 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.
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