£900,000 DAERA Research Challenge Fund reopens

A grant scheme worth almost £900,000 to help stimulate innovation in Northern Ireland’s agri-food industry has reopened, the Department of Agriculture, Environment and Rural Development has announced.

The Research Challenge Fund (RCF) provides funding for Small to Medium sized Enterprises (SMEs) to get involved in industry-led collaborative research projects that have potential to further the sustainability and competitiveness of agri-food and rural enterprises.

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First launched in 2010 with 19 projects benefiting from £2.3million in grant aid to date, RCF supports the Agri-Food Strategy Board’s “Going for Growth” report which recommends making support for research and innovation a priority.

For businesses that want to get involved in research and development starting in 2018, the Research Challenge Fund offers support to help cover up to 50% of eligible research and development costs (up to a maximum of £250,000).

Applications are now being invited for the 2017 fund with up to £877,000 available for this the fifth tranche of the scheme.

The closing date is 5pm on Friday 26th May 2017.

Successful projects will then commence from 1st January 2018.

An information awareness session will be held on Wednesday 22nd March 2017 at 10am in the Conference Hall, CAFRE Greenmount Campus.

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Posted by Newry Times News on Feb 27 2017. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry