Local businesses in St Albans developing innovative new products in 2011 could receive a major funding boost through the East of England Development Agency (EEDA)’s Grants for Research and Development programme.

EEDA is offering between £20,000 and £250,000 in grant funding to businesses developing ‘greener’ technologies in 2011. The grants are being made available thanks to funding from the European Regional Development Fund (ERDF), and local companies are being urged to apply now to secure their grant before the new financial year.

Liberal Democrat Councillor Allan Siao Ming Witherick, said:

“EEDA’s grant funding can give businesses developing new technologies that early-stage funding boost they need to get their projects off the ground. They also have a track record of giving up-and-coming businesses the stamp of approval they need to go on and attract further investment.

“Although it’s unfortunately on a first come first served, they need to be in and approved by the 31 March. There’s £2 million available from EEDA as grant funding available to support low carbon research and development.”

You can find out more at: http://www.bizmapeast.com/lowcarbon