The Yorkshire Innovation Fund (YIF), an £8.2 million regional fund designed to drive economic growth and job creation, has been launched. The YIF will fund innovation and R&D projects between Yorkshire’s Higher Education Institutions and regional SMEs. YIF will run from summer 2013 to July 2015 and is comprised of grants from the European Regional Development Fund (ERDF) and university resources.
The Biorenewables Development Centre (BDC) is a multi-million pound initiative to provide industry with new processes to convert plants and biowastes into products. These renewable raw materials will be needed for manufacture of high value chemicals, materials and fuels as industry makes the transition to a low carbon, bio-based economy.