Firms across Cumbria are set to benefit from a £5.7 million research and development support package.
Lancaster University and the University of Cumbria are launching the second phase of the Cumbria Innovations Platform, which will deliver technical and management expertise to the county’s SMEs, helping to commercialise new products and services.
The first phase, part-funded by the European Regional Development Agency, ran between 2017 and 2020 and helped almost 140 Cumbria enterprises.
It generated 63 collaborative research projects, and saw companies develop 41 new products.
It was also selected and showcased as an exemplar project by the Ministry of Housing, Communities and Local Government.
The second phase, also part-funded by the ERDF, aims to create a research and innovation gateway, allowing businesses to access unique and diverse expertise available from the two universities.
James Livsey, Cumbria Innovations Platform II project manager at Lancaster University, said: “Combining our skills at Lancaster University with the University of Cumbria provides a unique offering to help businesses across the county research and develop the products and services that will raise their productivity and competitiveness in this difficult and uncertain economic climate.”
Sarah Allison, project manager at University of Cumbria said: “The Cumbria Innovations Platform helps unlock the growth potential of enterprises across all sectors of the county’s economy.
“The programme helps businesses think about the different elements of the innovation cycle, and gain support to develop ideas into innovations. Whatever stage in the innovation cycle your businesses is at, we can help you tap into the expertise and resources of two universities to create new products and services, facilitating business growth for the region.”
Jo Lappin, chief executive of Cumbria Local Enterprise Partnership, said: “The response of our businesses to the economic impact of the pandemic has demonstrated the tremendous creativity and ingenuity that exists here in Cumbria.
“Our businesses are increasingly looking to the future and developing new products and services to grow their businesses.
“The new support provided by the second phase of the Cumbria Innovations Platform is extremely welcome and timely, providing the necessary expert technical and management expertise to our businesses to help them commercialise their products.”
A virtual VIP launch event will take place between 9.15am and 12.30pm on Thursday, May 27.
People can sign up for the event by visiting https://www.eventbrite.co.uk/e/cumbria-innovations-platform-cusp-ii-vip-launch-registration-154211373369?aff=erelexpmlt
