Investment & Markets
To put our area on the map as a Global Leader in the Bioeconomy we need to attract new investment and develop surrounding markets.
We seek investment that builds our reputation in the bioeconomy, supports small business growth, establishes high value jobs and relocates businesses to key sites in our patch.
We aim to develop clear paths to export markets and aim to capitalize on opportunities for biobased materials in new markets such as the construction industry.
The Bioeconomy Growth Fund
Our Bioeconomy Growth Fund was launched in September 2016 to help businesses in this high growth, important sector for our area to innovate and grow. We received bids for over £44m in project value and £13m of grant requests, with the potential to create 635 jobs. Following this a second round of funding was opened in December..
The fund provides financial support towards building innovative infrastructure that our area needs to become a global leader.
The bioeconomy is a sector which provides low carbon, renewable alternatives to our current fossil fuel based economy. It includes businesses in agriculture, forestry, horticulture, food and drinks, water utilities, industrial biotechnology and bio-energy.
The fund was open to the applications by the public and private sectors for industry-led projects with evidence of demand. Applicants also had to show the ability to deliver infrastructure which enhance local bioeconomy capacity, supply chains or clusters and other benefits, such as jobs in our area.