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EU Funding - the Edinburgh region

The Scottish Government has awarded the contract to deliver the new Lowland and Uplands Scotland European Regional Development Fund (ERDF) and European Social Fund (ESF) Programmes.

In April 2010 the Scottish Government announced funding awards of over £30 million to projects in the Lowlands and Uplands Scotland ERDF Programme 2007-2013. Under the Third Round of funding a total of 35 projects across Lowlands and Uplands Scotland will benefit from the new allocations under the European Regional Development Fund Programme including;

Priority 1 : Research & Innovation
European funding of more than £9.3 million invested in new projects that will harness the economic potential of Scotland's world-leading research base and support the creation of 740 jobs. Awards include;

University of Edinburgh: Scottish Environmental Technology Network Phase Two (£408,137), Edinburgh Napier University: Institute for Wood Products (£665,387), Edinburgh Climate Change Centre (ECCC) (£613,872), Business & Technology Hub (£1 million) and the Construction Industry Advancement Centre (£761,129). Fife Council: Fife Renewables Business Innovation & Incubation Hub (£125,377) and the Fife Renewable Hub Capital (£750,000) as well as Roslin BioCentre: Bioscience Network Ltd: Biosciences Knowledge Transfer Network (£705,167)

Priority 2: Enterprise Growth
European funding of more than £4.7 million is being invested in initiatives to support small and medium enterprises (SMEs) and the creation of 580 new jobs. Awards include;

Scottish Enterprise: Advanced Entrepreneurial & Pre-Incubation Support (£1,281,801) and Support for Young Innovative Enterprises (YIE) (£2,810,780) and Fife Council: East of Scotland Investment Fund (£2,000,000) and Support for Enterprise II (£196,423)

East of Scotland Investment Fund The Scottish Governments creation of a £5 million pound , backed by European Regional Development Funding (ERDF), will offer loans to businesses and could create around 1,300 new jobs.

The £5 million fund will offer more than 430 East of Scotland growth businesses access loans of up to £50,000. The fund has the potential to generate increased turnover of £34.56 million in small and medium sized enterprises and could create approximately 1,300 new jobs.

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