At the BDC we continue our 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 2012, 2015 and 2018 saw us complete the delivery of three European Regional Development Fund (ERDF) programmes designed to help over 300 local businesses innovate. Based on the success of these programmes, we have secured £2.1 M of funding to help our clients access innovative products, processes or services developed from renewable, biological resources through the launch of the new Bioeconomy Growth Programme.
Working together with our colleagues in BioVale we are now supporting the delivery of the “Bioeconomy Growth Programme”. Together, we will provide 116 pre-funded projects for local SMEs by 2023. 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.
Check out this brief overview for further information and a snapshot of what this has meant for previous clients. But most importantly: get in touch with Helen or Dion to discuss whether this funding might be suitable for your business.
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 Bioeconomy Growth Programme has received £2.1 M of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regeneration.European Regional Development Fund's website
Research England sits within UK Research and Innovation. They oversee university research and knowledge exchange funding. The BDC has funding from Research England, as part of the THYME project (Teesside, Hull and York – Mobilising Bioeconomy Knowledge Exchange). The THYME project is a £5 million project to develop the bioeconomy across Yorkshire, the Humber and the Tees Valley, led by the University of York.Research England's website
The Northern Powerhouse is a key aspect of this Government’s approach to addressing the productivity gap in the North and ensuring a stronger, more sustainable economy for all parts of the UK. Alongside over €1.5 billion of European Regional Development Fund support for businesses and communities across the North, the government has awarded £3.4 billion in three rounds of Growth Deals across the Northern Powerhouse.Northern Powerhouse's website