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£11.9 million of European Funding Announced
Two funding calls worth nearly £12 million have been opened to support the growth of Cornwall and the Isles of Scilly. The funding comes from the European Regional Development Fund and is a part of the Growth Programme. The funding will focus on research and innovation and, a shift towards a local carbon economy.
Research and Innovation
The larger of the two funding calls, worth up to £10 million will seek to grow the economy through research and innovation and support for small and medium size enterprises. Cornwall and the Isles of Scilly have low levels of productivity, reflected in low levels of research and development. This is in part due to the predominance of small and medium-sized enterprises and the lack of large businesses with the propensity and resources to invest in research and development.
There are however numerous opportunities for investment in the area’s Smart Specialisation priorities that could create and attract high growth. These key areas are; Agritech, Digitaltech, Healthtech, Marinetech and, Aerospace.
Full details of the funding call be found here – https://www.gov.uk/european-structural-investment-funds/research-and-innovation-call-in-cornwall-and-isles-of-scilly-oc05r17p-0586
Low Carbon Economy
The second of the two funding opportunities support the shift towards a low carbon economy in Cornwall and the Isles of Scilly. This ERDF investment worth up to £1.95 million, seeks to invest in activities with growth potential that develop Cornwall and the Isles of Scilly as a ‘green and marine’ region.
A major contributing factor to greenhouse gas emissions in Cornwall and the Isles of Scilly is the existing built environment, and improving the energy efficiency of housing and public buildings provides a means to reduce these emissions. Applicants are encouraged to submit proposals that deliver innovative energy efficiency solutions and interventions that target existing housing stock and/or public buildings in Cornwall and the Isles of Scilly.
Full details of the funding call be found here – https://www.gov.uk/european-structural-investment-funds/low-carbon-call-in-cornwall-and-isles-of-scilly-oc05r17p-0549
Chief Executive of the Local Enterprise Partnership Sandra Rothwell said: "These two opportunities open the door for investment in key economic priorities for our region. I would encourage all businesses within our identified smart clusters to engage with the European funding to accelerate their growth in these emerging and competitive markets. In parallel, the investment into creative and innovative approaches to tackle the low carbon issue will ensure that Cornwall and Isles of Scilly continues to be the natural place to grow great business."
Application support and Workshops
Any potential applicants wishing to pursue this funding call can make use of the Access to the Programme Team. This free resource will provide advice and support to potential applicants, specialist support in the early stage design and development of complex projects, and promote and integrate the cross cutting themes within projects to ensure that applicants can develop projects that make the most effective use of all European Structural and Investment Funds. For more information please contact the team at email@example.com
There will be a number of specialist workshops that will provide expert support in the coming weeks. These workshops will be announced soon.