jump to content
Search the website

Thames Valley Berkshire

You are here: Home > Business Support & Funding > EU Structural and Investment Funds (ESIF) > European Regional Development Fund

European Regional Development Fund

Overview

The European Regional Development Fund provides support to encourage research, development and innovation, create and grow SMEs, develop a low carbon economy and reduce the environmental risk to businesses. Investments to date have been made to accelerate the creation of a Thames Valley Science Park (£5m) and extend the life of the Berkshire Business Growth Hub, to February 2021 (£750,000).

Open Calls

SMART Cities 

This Call supports the shift to innovative technology and will make Thames Valley Berkshire a more energy-efficient, greener place to live and do business.

For more information, download the call specification.

Knowledge Accelerator

This is a multi-LEP call (Thames Valley Berkshire LEP, Enterprise M3 LEP, Dorset LEP, Solent LEP, Coast to Capital LEP and South East LEP). The specification, in line with the recommendations of the Innovation South Science and Innovation Audit, sets to pull emerging technologies from the R&D stage into the market, allowing for economic growth.

For more information, download the call specification.

Themes

Low Carbon

This represents approximately 20% of the ERDF funding available (£2.6m). It is provided on a match basis (50%) for projects with a total value of £1m or greater. It aims to support projects that can either: increase the renewable energy capacity in Berkshire, increase the number of SMEs that reduce their carbon emissions; or deliver innovative carbon emission reductions in the public and housing sectors.  

Applicants are encouraged to attend a workshop run by the Technical Assistance service – Low Carbon Berkshire. To learn more, email: lowcarbonberkshire@reading.gov.uk

Business Support

This funding (£2.3m) is to augment the Business Growth Hub service by:

  • supporting SMEs to 'Scale-Up', through a strong local entrepreneurial eco-system
  • helping innovative companies export/export more
  • securing more Inward Investment into the area.

Protecting the Environment

This funding (£242,000) is for investments in green and blue infrastructure, and actions that support the provision of eco-system services on which businesses and communities depend - to increase local natural capital and support sustainable economic growth.

How to apply

Click here for more information and to apply.