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North East businesses encouraged to apply for new fund to support manufacturing

Manufacturing businesses in the North East of England are now able to apply to the Collaborative Projects Fund following the launch of a £5.1million project by the University of Sunderland.

 

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 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 Project Selection Panel will review submitted EOI every quarter and applicants will be contacted within 30 days.

 

Useful Links: Application Guidance

 

The University of Sunderland is receiving almost £2.6million from the European Regional Development Fund towards the project.

 

Organisation name: University of Sunderland

 

Link: https://www.samprojectuos.co.uk/grants-expression-of-interest/