Fund title: Heart of the South West LEP: new EU funding
Focus of fund/fund aims:
Two new calls for proposals – Research & Innovation and SME Support– and last chance to register for the information event in Exeter on 19 July 2017
see individual deadlines for each call
The Heart of the South West (covering Devon, Plymouth, Torbay and Somerset) has an allocation of just over £107m from Europe for 2014-2020 for investment in projects and initiatives which support the economic growth of the area.
New calls for proposals have been published for outline applications for European Regional Development Fund (ERDF) support for the following areas of activity:
Research & Innovation: for capital and/or revenue proposals which lead to improved levels of innovation within enterprises in the Heart of the South West (deadline 8 September 2017)
SME support: to improve the competitiveness of SMEs by increasing growth capacity and capability and/or by promoting entrepreneurship in Devon, Plymouth & Torbay(deadline 8 September 2017)
There is a briefing event on 19 July in Exeter for anyone thinking of applying under these 2 calls: Register by 6 July
In addition, the following ‘rolling calls’ are still open:
- Low carbon: to support the shift to a low carbon economy (a rolling call, with applications reviewed at set points until 1 June 2018)
- SME support: to enhance the competitiveness of SMEs, including entrepreneurship, innovation and new markets (a rolling call, with applications reviewed at set points until 31 January 2018)
There is a two-stage application process: projects which are successful at the outline stage will be invited to make a full submission for funding.
Note on the Heart of the South West LEP area:
The Heart of the South West LEP area covers Devon, Plymouth, Torbay & Somerset but within this, there are two categories of funding
- ‘Transition’ area – Devon, Plymouth & Torbay
- ‘More Developed’ area – Somerset
These two areas each have a notional funding allocation which is reflected in the details of the call(s) listed above. Activities in the Transition area will generally be eligible for an EU contribution of up to 60% of total costs; activities in the More Developed area can receive up to 50% of costs.
For more information on the ESIF Strategy for our area, refer to the Heart of the South West LEP website at: http://heartofswlep.co.uk/doing-business-in-our-area/european-structural-and-investment-funds-esif/