The funding aims to innovate and improve productivity across various sectorsKeele University has agreed an exciting partnership which will see it working alongside Staffordshire County Council and other partners to instigate growth in the area. Jobs will be created over several sectors including green technology, healthcare research and business innovation who will all receive funding through the scheme.
Funding will come from the EU, £17 million from the university, £8 million from the Government and £2 million from the county council, with the balance of funding coming from the private sector.
The partnership is hoped to generate £210 million for the local economy, by providing businesses with the support need to grow.
The Keele Research and Innovation Support Programme is one of the projects set to benefit, which will provide resources and academic expertise to help businesses to develop new services and products.
This particular project will receive £10.5 million, partly funded by the European Regional Development Fund, and will aim to create 90 jobs as well as providing support to 460 companies.
Vice Chancellor at Keele University, Professor Trevor McMillan, said: “By utilising the university’s world-leading research, and drawing on the expertise offered by its skilled professionals and academics, the deal will help create a competitive advantage for local organisations by improving their products, services and businesses processes, ultimately leading to increased prosperity for the area.”
As the university helps companies to improve productivity and become more innovative, more graduate job prospects will therefore be created across several industries.
By 2023, it is hoped that the partnership will be able to help more than 600 businesses to innovate in total, 250 companies to save energy or create green energy products, and 140 medical firms to work with academics and the NHS.
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