Eden, Cumbria, The Lake District – A natural choice for business

£5.5 million made available to Cumbrian businesses

10 August 2015

A new round of funding has opened up for businesses and organisations in Cumbria to the tune of £5.5 million.

Businesses have until September 25 to apply for the funding, secured via the Cumbria Local Enterprise Partnership, from the European Regional Development Fund (ERDF).

Funding will be applied to help deliver eligible projects which focus on Research and Innovation (£2m), the Low Carbon economy (£1.5m) and Environment and Resource Efficiency (£2m).

Graham Haywood, director of Cumbria Local Enterprise Partnership, says: “The latest ERDF calls underline our drive for better targeted investment and a stronger focus on the strategic priorities of our 10-year Strategic Economic Plan.

“Each call has its individual benefits. Business investment in research and innovation helps develop our advanced manufacturing capabilities, product and service development and technology transfer.

"It strengthens links and synergies between enterprises, research and development centres and Higher Education too.

“We can also significantly improve environmental sustainability and resource efficiency by supporting the adoption of innovative, low carbon technologies in all sectors.”

The Cumbria Local Enterprise Partnership Cumbria has been awarded an allocation of £87.2m from the European Structural Funds Programme 2014-2020. This includes the European Regional Development Fund (ERDF), European Social Fund (ESF) and European Agriculture Fund for Rural Development (EAFRD).

Applications are invited for projects with a minimum value of £500,000. Details of the specifics of each funding call along with guidance notes and information on how to apply are available here