The application was awarded grant funding by the TSB of £136k for a £389k total project
As the need for higher speed, greater load carrying capacity transport vehicles increases, demands on conventional suspension systems increase as well. Simultaneously vehicle manufacturers and operators wish to maintain existing vehicle suspension designs and operating parameters.
We were approached by an independent and privately owned company – Tinsley Bridge Limited – for help in applying for a TSB Smart Grant. The project was aimed at developing a manufacturing process to explore novel strengthening and toughening techniques of a new steel grade for a heavy duty torsion bar suspension spring. This project will therefore enable operation of torsion and stabiliser bars at higher dynamic loads without reduction in service life.
Need for funding
The funding enabled the company to increase its R&D efforts into researching and optimising the use of new improved materials for torsion and stabiliser bars. It allowed the company to focus its expertise and resources on evaluating and developing the novel high performance solution. Without the funding the development would not take place in the timescales proposed and in a timeframe that would enable the realisation of significant early market share.
We initially met with the management team to discuss the project in detail and to obtain information that would allow for the application process to start promptly. After obtaining background information on the project, we carried out more in-depth research on the IP, market size, technology, any competitors as well as collating all of the information necessary for completing the project plan and cost summary. Following completion, we sent the draft application to the client for review and upon gaining approval submitted it to the TSB.