At the BDC we have ambitious plans to support the widespread use of biorenewables across the world. A key part of this journey is to help our local economy – at home in Yorkshire – to flourish by:
- making use of local materials,
- adopting innovative technologies and
- building new supply chains.
This has been a major focus for the BDC since our launch in 2012, and 2015 saw us complete the delivery of two European Regional Development Fund (ERDF) programmes designed to help local businesses innovate. The first programme focused on lab-based technical projects or short consultancy pieces as an initial step towards tackling bio-based challenges. Based on the success of this programme, we were then able to secure an additional £1M of funding to help our clients purchase equipment for use in bio-processes.
Continuing our commitment to the growth of the local bioeconomy, the BDC has secured an additional £1.79M of ERDF funding for the popular technical and financial support we have been providing to SMEs.
Working together with our colleagues at the University of York, and BioVale we are now supporting the delivery of the “BioVale Project”. Together, we will provide 120 pre-funded projects for local SMEs by 2018. We are driven by creating real impact for our clients and have committed to ambitious targets resulting from these projects, including creating 100 new jobs, setting up 10 new businesses and developing 80 new products.
On average, Yorkshire businesses are known to underspend on R&D and be less innovative than other businesses in other UK regions. The BDC seeks to redress the balance by helping local SMEs explore how they can profit from innovations in the multi-billion-pound opportunity presented by the bioeconomy.
With thanks to our funders who are supporting our commitment to apply scientific research to business challenges at the interface between academia and industry:
European Regional Development Fund
The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, European Regional Development Fund funds help local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.European Regional Development Fund's website
Higher Education Funding Council for England
The Higher Education Funding Council for England (HEFCE) aims to create and sustain the conditions for a world-leading system of higher education which transforms lives, strengthens the economy, and enriches society. Their activities will strengthen a sector which is critical to the country’s success as an advanced economy and a flourishing, democratic society, and enable them to demonstrate an impressive return on the public investment in higher education.Higher Education Funding Council for England's website