Promoting investment in R&D and developing capability across the technology clusters
The Aerospace Cornwall programme is led by Cornwall Development Company, and aims to increase the size and capability of the local aerospace and space clusters and secure ongoing investment in them.
Specifically our objectives are to:
- Develop an ‘innovation environment’ for the aerospace and space sectors by incentivising local businesses to collaborate and engage with research institutions and take advantage of national programmes to accelerate their innovation(s).
- Increase the performance and competitiveness of local enterprises, create highly skilled jobs and launch new products into the marketplace.
- Secure investment from global collaborators and investors as potential end users of the products, services and technology developed.
How is Aerospace Cornwall funded?
Aerospace Cornwall is receiving up to £3.5m of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.
The Ministry for Housing, Communities and Local Government is the Managing Authority for European Regional Development Fund Established by the European Union. The European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.
For more information visit www.gov.uk/european-growth-funding.