Yesterday (10th January), over 80 delegates attended a European Regional Development Funding support session held by the Solent LEP at the Hilton Ageas Bowl.
On Friday 16th December 2016 two new funding opportunities were launched in the Solent as part of a national call for European Regional Development Funding proposals. £4m of European funding was made available to support SME business growth and competitiveness and a further £3m was made available to develop the low carbon economy in the Solent.
The session, hosted by the Solent LEP, was designed to provide information and support to potential applicants. The session gave delegates the chance to hear detailed information about the two call specifications from the Solent LEP and to hear about the application process from the Department for Communities and Local Government. This was followed by an opportunity to network with other intermediaries and potential project partners.
Graham Watt, Team Leader for the Greater South East at the Department for Communities and Local Government, said:
We are delighted to have been able to launch two new funding opportunities for the Solent area to support business growth and competitiveness and encourage research innovation and deployment of low carbon technologies. Funding is available to support SMEs to grow their businesses, by accessing support to increase productivity, whether by innovation or product development, expanding their market share or exporting overseas. In addition funding is available to support the Solent's low carbon economy. Supporting businesses to develop new technologies or embed them within their existing businesses. It is fantastic news for the area and we are looking forward to seeing some exciting proposals that will truly benefit the region's SME base and low-carbon economy.