The Eastern Agri-Tech Growth Initiative is designed to provide a significant boost to the food production,
The Eastern Agri-Tech Growth Initiative is designed to provide a significant boost to the food production, agriculture industry and research cluster by investing in new market and supply chain development.
The scheme also focuses on essential skills development and the development, application and commercialisation of Research and Development (R&D). The Agri-Tech Growth Initiative aims to create 365 local jobs over two years, starting from January 2014.
The Initiative has launched the R&D and Prototyping Fund. This Fund aims to provide financial assistance to attract innovative and novel technologies.
Planned research critical to the development of new products or processes within the Agri-Tech sector can be supported with grants of between £10,000 and £60,000, covering up to 50% of project costs to cover the costs of research and development are available.
Applicants will be mainly research institutes and food manufacturers this includes sectors such as food processing and wholesaling; as well as related industries such as process engineering. It also includes businesses that are involved in technologies, which have the potential of application to the agriculture and food industries.
Funding is reserved for novel or new commercial applications of research that are currently not viable under current research budgets or corporate R&D priorities. Applicants must be able to demonstrate that R&D/prototyping activities would not otherwise happen without financial assistance.
Applications can only be accepted where the planned innovation/research activity will be carried out within any of the following local authority areas:
Babergh; Breckland; Broadland; Cambridge City; East Cambridgeshire; Fenland; Forest Heath; Great Yarmouth; Huntingdonshire; Ipswich; Kings Lynn & West Norfolk; Mid Suffolk; North Hertfordshire; North Norfolk; Norwich; Peterborough; Rutland; St Edmundsbury; South Cambridgeshire; South Norfolk; Suffolk Coastal; Uttlesford; and Waveney.
Applications for assistance can be made at any time until March 2015 or until funding is fully allocated.