The York, North Yorkshire and East Riding Local Enterprise Partnership has announced funding of up to £10m from their Bioeconomy Growth Fund to stimulate new business activity, through investment in innovation and infrastructure, which help grow the bioeconomy in the York, North Yorkshire and the East Riding.
The Bioeconomy Growth Fund is being made available to the sector which provides a low carbon, renewable alternative to our fossil fuel based economy. The sector covers everything from forestry, agriculture, horticulture, food, drinks, and water utilities to name just a few.
About the funding
The fund is intended to provide industry with the financial support needed to build innovative commercial infrastructure for the growth of bioeconomy supply chains. For example, building a network of bio-hydrogen fuelling stations across Yorkshire to fuel 4,000 fleet vehicles.
To be eligible for the funding, the proposals must be for capital projects with a minimum value of £1,000,000. Match funding will need to be provided by the applicants.
Proposals must deliver infrastructure which enhances local bioeconomy capacity, supply chains or clusters; or commercial innovations which boost the area’s reputation, stimulate cluster effects and/or lead to the development of related supply chains.
Proposals must also deliver benefits, such as jobs in the LEP’s area and be completed by March 2021. Applications are open to the public and private sectors and need to be industry-led, with evidence of demand.
Who can apply?
This Fund is open to public and private sector applications. Additional criteria apply:
Applications must be industry-led and evidence industry demand.
Investment can only be made in projects that are located within the York, North Yorkshire and East Riding Local Enterprise Partnership area. This area comprises the local authority areas of North Yorkshire County Council, City of York Council and East Riding of Yorkshire Council.
Applications from organisations outside the LEP area will be considered if these clearly demonstrate that the impact of the project generates significant benefits to businesses in the LEP area.
Expression of interest deadline (round 1): 8th October 2016