The latest funding round consists of:
Up to £16m to support investment in research and innovation.
The North East LEP has a goal of making the region an innovation hotspot in Europe. ERDF Investment will concentrate on revenue activity, particularly in relation to providing support to enterprises working within the North East’s four ‘smart specialisation’ areas of; passenger vehicle manufacturing, subsea and offshore technology, life sciences and healthcare and creative and digital industries.
Call closing date: 30 July 2017 with review points on 17 February 2017 and 30 April 2017.
Find out more about the research and innovation call in the North East
Up to £2.5m to enhance the competitiveness of high growth small and medium sized firms (SMEs).
High Growth SMEs have a disproportionately high positive impact on regional growth - in 2014 it is estimated the North East had 600 high growth companies with a combined turnover of £2.4bn and 21,000 employees. A 25% increase on 2014’s figure could generate an extra £186m of regional GVA and create nearly 4,000 new jobs. ERDF investment will focus on providing support to increase the density of High Growth SMEs within the North East LEP area; with particular focus on those operating in the advanced manufacturing, health and life sciences, digital, creative and software technology sectors.
Call closing date: 17 February 2017.
Find out more about the SME support call in the North East
Up to £8.6m to address specific environmental risks, ensuring disaster resilience and developing disaster management systems.
In the North East LEP area there is a determination to reduce the risks from flooding and climate change. Projects are being sought to find innovative and new ways to reduce flood and erosion risk to economic infrastructure and businesses, enabling them to survive, thrive and grow.
Outline application deadline: 30 July 2017
Review points: First review point: 30 April 2017
Find out more about the climate change in the North East