Posted by Ewan McClymont on August 7, 2017
If you are a Cornish-based business either in the marine sector or have a project focused on the marine sector, then the new Marine-i programme may be able to support, and if needed fund, your Research & Development and Innovation (RD&I).
With ERDF (European Regional Development Fund) support of £6.8m, Marine-i is a £9.3m collaboration between the Universities of Exeter and Plymouth, The Cornwall College Group, Cornwall Marine Network, Cornwall Development Company, and the Offshore Renewable Energy Catapult.
The aim of the scheme is to develop marine technology research, development and innovation activities in Cornwall and the Isles of Scilly. Marine-i focuses on four interconnected themes – marine energy, marine manufacturing, maritime operations, and marine environmental technologies to stimulate and support business-led and market driven RD&I to drive productivity and the exploitation of new market opportunities.
Part of the scheme includes the Marine Challenge Fund, which is worth £3.2m and can support RD&I investment with grant funding. The level of funding and intervention rate will depend on the type of research and development to be undertaken.
Businesses interested in innovation grants and R&D Tax credits should note that there is an intricate interaction between the two forms of State Aid, and are therefore advised to seek specialist professional advice before committing to an application for support. For information on how we can assist you with grant funding and R&D Tax Credits, contact Ewan McClymont, Director Grant Services, on 03333-219000 or email, email@example.com .