September 2 2014 Latest news:
Sunday, July 13, 2014
A high tech engineering company with a range of top flight motorsport clients, including Formula 1, is among companies hoping to secure funding from the European Union with the help of support from Essex County Council.
DCE Motorsports, based in Maldon, took part in a bid development workshop, hosted by the council’s Essex Innovation Programme and delivered by its funding and investment team, which was aimed at supporting businesses to grow by accessing funding through the EU’s Horizon 2020 Research and Innovation Programme.
Horizon 2020 is a new simplified funding stream aimed at helping innovative small and medium sized enterprises to grow by creating new products and improving processes and collaborating with similar companies.
More than 2.8billion euros will be available for companies through the fund up to 2020. The workshop, last week, is just part of the on-going support available for businesses in the county from Essex County Council to help them successfully bid for a share of it.
Kevin Bentley, the council’s cabinet member for economic growth and infrastructure, said: “We are doing everything we can to support businesses in Essex, to help them grow and provide jobs for the future.
“We have expertise to enable businesses to unlock vital EU funding and bring it to Essex where it will boost our county’s economic prosperity.”
David Cunliffe, director of DCE Motorsports, an advanced electronics and manufacturing company servicing the automotive and motorsports sectors, said: “The H2020 event showed that for us as a SME that there is clearly funding available. So we’re here to find out more and drill down into what we can do and see the possibilities.
“We’ve identified partners in the UK and Europe to work on a unique and innovative engineering automotive solution for the global automotive industry.
“EU funding will help us in the areas of Research and Development, regulation and intellectual property. I realised I was looking too small scale and I can make more of my business than I thought.”
The funding and investment team at Essex County Council offers Essex organisations funding support and advice services to maximise success at securing external funding. In the last three years the team has secured over £61m of funding for businesses, charities and community organisations in Essex.
The Essex Innovation Programme works with business across the county providing private sector professional business mentoring to help companies to grow and commercialise their innovative products and services. Last year, the Essex Innovation Programme helped companies in the county to access nearly £500,000 in funding.