Flexible project funding
At the BDC we are all about helping to commercialise products and processes that help drive the bioeconomy – replacing fossil resources with biorenewable alternatives made from plants and unavoidable wastes.
Our most important contribution will be helping our partners show the potential of innovative ideas at a commercially-relevant scale and navigate the so-called ‘valley of death’. We can support businesses of all kinds no matter their need: whether dipping their toe in the bioeconomy waters to explore the opportunities; collaborative research projects with academia and industry; or highly-confidential, fast-turnaround projects.
We adopt a very flexible approach to project funding, and always seek to find the right package for your business. We help organisations across the globe benefit from biorefining opportunities, and remain committed to supporting our local economy by running pre-funded innovation projects for Yorkshire businesses. Check out our most common project types below.
Funded support for small-to-medium-sized businesses (SMEs)
Following on from our popular business support programmes helping over 200 local SMEs from 2012-2015, the BDC has secured further ERDF funding to help Yorkshire businesses grow through bio-based innovations. The BDC will be able to offer 120 pre-funded projects for eligible local businesses by 2018 to be delivered by our professional scientists or business specialists. Get in touch to discuss whether this funding might be suitable for your business and check out p7-8 of our annual report for a snapshot of what this has meant for previous clients.
A huge variety of grant funding is available for different types of businesses exploring innovation opportunities and sustainable technologies. Our team keep abreast of current opportunities and can help you explore whether collaborative funding might be suitable for your project; find collaboration partners and support the development of the bid paperwork. In the past we have helped our partners successfully access Knowledge Transfer Partnerships, NiBB grants, InnovateUK and Horizon2020 funding to name but a few.
Commercial funding and tax credits
Some projects can’t wait for funding decisions and take advantage of our competitive rates for commercial projects. Depending on the nature of the work we do for you, some of your expenses may be eligible for R&D tax credits – this is something we can discuss with you as relevant.
Seize the opportunity to grow
The bioeconomy, worth €2 trillion in Europe alone, provides a multi-billion-pound opportunity for business growth and we are here to help the commercialisation of your ideas. Two studies in 2016 about the UK bioeconomy sector produced by Capital Economics, TBR and E4Tech and the KTN estimated that:
- The UK bioeconomy could grow by 13% over the years ahead (from £52 billion in 2013 to £58 billion in 2030)
- The UK industrial biotechnology sector could grow by over 4% per year
- Using biomass or waste for chemicals production could bring potential long-term benefits of £8bn to the UK
Get in touch with us to see how we can help your business grow.