Welcome to this month's newsletter.
In this edition: New support for entrepreneurs, science centre open for business, European funding opportunities, Cambridge at the forefront of innovation, expansion of South Fens Business Centre and more.
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StartUp Britain is a ground-breaking response from the private sector to the Government's call for an 'enterprise-led' recovery. It will deliver the very best in support and advice for start-up companies, led by entrepreneurs for entrepreneurs. It is estimated that the scheme will deliver over £1,500 in value for every start-up company in Britain.
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The SfB portfolio has been updated to improve access to strategic advice, helping companies reach international markets and in supporting innovation. The new portfolio contains 13 products focused on helping businesses meet their aspirations to grow and improve business performance.
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Will Pope, chair of EEDA, welcomed the announcement in the Budget that over £70 million of public sector funds are coming to the region. The Babraham Institute will receive £44 million and Norwich Research Park will receive £26 million. The investment will support the commercialisation of research, accommodation for innovative small businesses and new research capabilities.
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Norwich Research Park Innovation Centre has opened following a £5 million investment in facilities which will help create 5,000 jobs. EEDA funded £1.4 million towards the Centre which has over 30 new office and laboratory units and will attract businesses working in science and science-related disciplines looking to grow in a world class science cluster.
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“At the forefront of world innovation” is how the President of the European Commission, José Manuel Barroso, described Cambridge during an exclusive visit to the city. President Barroso was in Cambridge to see how European funding is helping strengthen the city’s reputation for world-leading innovation.
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The deadline for expressions of interests for bidding round 14 of the European Regional Development Fund is 29 April. In addition, there is an open call for projects relating to “superfast broadband” with up to £5 million allocated with a deadline of 27 May 2011. For more information on these, and how round two of the Regional Growth Fund has been aligned with ERDF please click on the link below.
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Work has started on the £770,000 expansion of South Fens Business Centre in Chatteris. The expansion will accommodate four new business units to support local businesses and help attract new companies to the area. Of the £770,000 invested, £220,000 was invested by EEDA, £350,000 by Fenland District Council and £200,000 by Cambridgeshire County Council.
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Six of the eight finalists in the East of England Energy Group Energy Innovation Awards 2011 were boosted by a helping hand from EEDA. Among them was winner, Scour Prevention Systems, for its innovative scour prevention system which will be given commercial trials by international energy giant E.ON.
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The GE ecomagination Challenge is a $200 million innovation experiment where businesses, entrepreneurs, innovators and students can share their ideas on how to improve our energy future - and just might get funded. Ideas, thoughts and comments can be shared now.
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The Business Map
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Visit the EEDA website