North East manufacturing project releases £0.8 million for SMEs
27 Nov 2018
More than £800,000 worth of collaborative projects fund money is on offer to manufacturing firms in the North East.
It has been made available through the Sustainable Advanced Manufacturing (SAM) project – launched recently by the University of Sunderland to benefit small and medium sized enterprises in the region and supported by £5.1 million.
The European Regional Development Fund will donate an estimated £2.6 million towards the project.
Project manager Claire Defty said applications are welcome from SMEs wanting investment for new technology development or use, new product validation, process improvements and R&D.
“The North East is a region of entrepreneurs and innovators and these grants will support them to deliver business growth from their ideas and concepts,” she said.
“The grant element enables companies to access support for equipment and helps address other barriers to developing and implementing a new product or process.”
Most awards will range between £5,000 and £35,000 and applications from consortiums are especially encouraged.
Click here for further information on grant applications.