Economic Development funding is concerned with growing the economy through the creation of more businesses, jobs and improved skills. Funding is provided to drive growth and productivity through investment in infrastructure, business innovation, employability and skills.
The types of funding the University may engage with include:
which encompass the following individual programmes:
European Regional Development Fund (ERDF)
Focuses on improving the employment opportunities, promoting social inclusion and investing in skills by providing help people need to fulfil their potential.
European Social Fund (ESF)
Supports research and innovation, small to medium sized enterprises and creation of a low carbon economy.
European Agricultural Fund for Rural Development (EAFRD)
Supports rural businesses to grow and expand, improve knowledge and skills and get started.
Government funding devolved to Local Enterprise Partnerships (LEPs) for distribution to projects across the region / local area
A variety of requirements and criteria must be met in order to apply for all the above funding. The Economic Development Team have the necessary expertise and experience to advise on the suitability of project ideas in relation to the various funds and to guide interested parties through the process.
The Economic Development Team have well established relationships with the managing authorities of these funds, mainly the Local Enterprise Partnerships and Department of Communities and Local Government (DCLG) and advise anyone interested in accessing these funds to discuss their ideas with the Economic Development Team rather than going directly to the funder.