This project is part funded by the European Regional Development Fund.
The Centre for Global Eco-Innovation is the only centre of its kind in Europe and is part financed by the European Regional Development Fund. It brings together the expertise, resources and global contacts of Lancaster University and the University of Liverpool, together with international commercialisation consultancy Inventya Ltd.
The European Regional Development Fund (ERDF) was established by the European Commission in 1975 to stimulate economic development in less prosperous regions of the European Union (EU). As EU membership has grown, ERDF has developed into a major funding stream to help redress regional imbalances. In the Northwest, with a total of £521million (dependent on exchange rate) of ERDF funding between 2007 and 2013, the ERDF Programme aims to enhance the competitiveness of the regionís economy by supporting growth in employment and enterprise.
Why is the centre funded by public money?
The centre is funded to address the following prevailing issues within the Northwest region of England:
- Low levels of SME-investment in innovation to underpin growth.
- Low levels of SME-university collaboration.
- A lack of capacity in SMEs to undertake collaborative research and development.
- The need to produce products and services with significantly improved environmental performance.
- Low levels of export performance in environmental markets.