A simpler approach to managing R&D funding
To encourage more companies in Northern Ireland to take advantage of available EU-funding for R&D activities, European Regional Development Fund administrators are simplifying the typically complex reporting process.
Northern Ireland tends to lag behind other European regions in terms of R&D expenditure and the number of companies involved in innovative activities. Although the European Regional Development Fund (ERDF) is available to support such activity, some potential beneficiaries still find the administrative and regulatory requirements too complex. To change this perception and encourage more companies in the region to take advantage of the Fund for R&D purposes, the Northern Ireland ERDF Managing Authority is taking action.