Print
Boosting research and development for carbon reduction technology
EEDA's Impact > Leadership case studies > Boosting research and development for carbon reduction technology
Boosting research and development for carbon reduction technology
It goes without saying that successful products are born out of good research and development (R&D), but in these current times of financial hardship many businesses are finding it hard to secure the necessary funding to invest in the processes.
Investing less than their international counterparts in R&D to establish the marketability of products prior to launch, UK businesses are lagging behind in the commercialisation of viable innovative energy and environmental products.
Expenditure for R&D has remained at around 1.2 per cent of UK GDP for the last decade and recognising the implications of this low investment, the government has actively sought to reduce the productivity gap by setting an R&D investment target of 25 per cent by 2014.
Specifically to support companies looking to develop innovative low carbon products and processes, the European Regional Development Fund (ERDF) has granted the EEDA £5.5 million of additional funding for its Grant for Research and Development programme.
23 November 2009
Share this page:
Delicious
Digg
reddit
Facebook
StumbleUpon
