£2.5m boost for agricultural technology
Agricultural technology business in Cambridge and East Anglia can tap into two new UK funds worth a combined £2.5 million.
The cash under the Eastern Agri-Tech Initiative is earmarked for food production and research as part of the Government’s Regional Growth Funding scheme.
It will be used to invest in new market and supply chain development, essential skills training, and the progression, application and commercialisation of Research & Development across Europe’s ideas region.
There are two separate funds available for businesses based in Cambridgeshire, Norfolk, Suffolk, Rutland, North Hertfordshire and Uttlesford.
The first is the £2m Agri-Tech Growth Fund, which will provide grants of between £25,000 and £150,000 to support improvements in agricultural productivity.
The £540,000 R & D and Prototyping Fund will provide grants of between £10,000 and £60,000 to support the development of innovative technology.
Mark Reeve, chairman of the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP) and the Eastern Agri-Tech Initiative Programme Board, said: “These funds will enable local businesses to access much-needed funding to develop cutting-edge products and processes.
“Our area is at the forefront of innovation within the emerging UK Agri-Tech industry, with innovation supported by some of the richest farmland in the country.
“We therefore believe that our area is ideally positioned to become a global trailblazer in this field, creating both jobs and significant economic growth. To help this vision to become a reality I would encourage businesses to find out more about how these two funds could help support their future aspirations.”
The initiative leverages world-class capabilities in crop and food research, technology, engineering and manufacturing that already exists between Cambridge and Norwich, with the grade one agricultural land and production capabilities in Cambridgeshire, Peterborough, Norfolk, the Fens and Suffolk.
• PHOTOGRAPH SHOWS: Greater Cambridge Greater Peterborough Enterprise Partnership LEP chief executive Grahame Nix and chairman Mark Reeve