£1.4m Fund Launched for Tees Valley Business Collaborations
The Collaborative Networks Programme has been established to deliver support for Tees Valley businesses in collaborating on projects that will positively impact the regional economy.
Over a three year period, the programme will provide funding for micro-enterprises and SMEs looking to collaborate with universities, large companies and public bodies on projects to bring new products and processes to market, improve productivity, create new jobs and reduce carbon.
The programme will have £1.4 million available throughout its three-year lifespan. A total of £200,000 is available for the current call for Consortia
Development Grants towards projects costing up to £5,000 which will build collaborative partnerships and deliver collaborative activities.
Applications are open to micro and small to medium-sized enterprises (SMEs) in Tees Valley. Businesses at all stages of collaboration, whether a strong working partnership already exists, or a company is exploring opportunities for support or direction, may qualify.
Tees Valley Mayor Ben Houchen said: “Our industries in the Tees Valley and the good jobs many people have today come from innovations and inventions made right here, in chemicals, materials and other technologies.
“We’re putting our money where our mouth is and investing in our innovators and jobs creators to make them even more effective.
“This fund is an investment in getting local firms closer to the ideas and products that will grow our economy and create the jobs of the future.”
The Round one deadline for Consortia Development Grants is 2nd December 2019.