Organisations encouraged to apply for European funding

Organisations have been urged to bid for a share of £118.7 million allocated to the Coventry and Warwickshire area by the European Structural and Investment Fund.

Coventry and Warwickshire Local Enterprise Partnership chief executive Martin Yardley wants to see the potential funding fully exploited by the region.

The money is available to support SMEs in enhancing research and innovation and improving competitiveness. In addition, it will support ICT and broadband connectivity, finance the development of youth employment initiatives, encourage the use of low carbon technologies and develop rural micro and SME businesses.

Mr Yardley, who worked closely with government departments to secure the allocation for Coventry and Warwickshire, said: “The European funding will provide assistance to kick-start projects that are urgently needed in our area to boost the economy and create jobs.

“Particular focus among rural SMEs will be given to business sectors identified as growth opportunities for Coventry and Warwickshire’s economy which includes manufacturing and engineering, IT services, digital and creative industries and culture and tourism.

“We would encourage businesses and communities who are eligible for the funding to apply quickly before the funds are allocated elsewhere.”

For more information or to apply for funding, visit www.gov.uk/european-growth-funding. Further calls for funding are expected to be launched in June.