The Biorenewables Capital Grants Scheme (BCGS), part-funded by the European Regional Development Fund (ERDF), aims to drive innovation and new economic activity by supporting local businesses working with bio-based materials (including plant, food or feed wastes) to invest in capital equipment.
The BCGS is a great opportunity for eligible SMEs to buy key pieces of equipment to undertake an innovative proof of concept bio-based project. The grant can award funding for 64% of a project; so you could receive up to £32,000 towards a £50,000 piece of equipment.
Typical projects will:
- support the use of biobased materials (such as wood, plant-matter, food waste, paper, textiles, plant-based chemicals etc.)
- represent an original approach to working with these materials
- contribute to new products, services and/or jobs for your business
The BCGS will be delivered in three competitive calls throughout 2014 and expects to support 26 projects. The deadline for expressions of interest in this call is: 5pm on 23rd June 2014.
More information about the scheme and how to apply for this ERDF funding can be found on the BDC website
If you are unsure whether you project might be eligible, please get in touch with Vicky Wren to discuss: t : +44 (0)1904 567825; m: +44 (0)7880 182862;