More than £800,000 in Collaborative Projects Fund grants is now available to North East manufacturing businesses following the launch of a £5.1million project by the University of Sunderland.
The University of Sunderland is receiving almost £2.6million from the European Regional Development Fund towards the project.
The Sustainable Advanced Manufacturing (SAM) project is a multi-million pound scheme to support small and medium-sized manufacturing enterprises (SMEs) across the North East LEP region, aiming to create jobs and unlock growth.
The pioneering initiative will enable businesses to become more productive and sustainable by supporting projects that develop their products, processes and technology.
Grant applications are invited from North East manufacturing SMEs looking for investment to support:
• New technology development and/or use by the firm
• New product validation (tests/consultancy/prototypes)
• Process improvement
• Research and development
Applications from SME consortiums are particularly encouraged. It is anticipated that most awards will be between £5,000 and £35,000 per project.
The SAM Project is funded until December 2020 however, it’s recommend early engagement as resources are quickly becoming occupied with projects across the regions manufacturing SME base. The engineers / researchers / grants and access to capital are here for your support to get the North East leading the way in product / process and technology innovation.
Anyone interested in a grant can find out more information on the SAM website – www.samprojectuos.co.uk