The Lincolnshire Open Research and Innovation Centre (LORIC) at Bishop Grosseteste University are pleased to announce that they have successfully secured two UK Shared Prosperity Fund contracts to deliver fully funded business support to eligible businesses in Greater Lincolnshire.
Both projects focus on supporting small to medium sized enterprises to engage in research and development that will help them to grow, develop and innovate. A key aspect of the assistance provided via these projects is research to help to provide the information needed by businesses to move forward with the introduction of new products, services and processes. This may involve market research, competitor analysis or designing customer feedback mechanisms.
Another important aspect of both projects is supporting businesses to use data more effectively. This can involve using data that a business already holds and analysing it in a way which provides new insights; or accessing new data sets that help to meet the information needs of the business.
Through these projects, eligible businesses are able to access digitisation facilities to enable their businesses to become more digitally based and to unlock value from brand heritage by providing digital access to stored documents, such as ledgers, diaries or old photographs.
LORIC Project Manager, Kay Purle explains that the support on offer can help to unlock insights that can help businesses to develop new ideas, create new products or services, or even create new business ventures. Support on offer is tailored to the business in order to help them to get the most of their involvement with the projects, and includes bespoke, one-to-one support as well as a range of both online and face to face events.
Funding is currently in place to support SMEs in North East Lincolnshire, East Lindsey, Boston and South Holland. For more information visit LORIC | Lincolnshire Open Research & Innovation Centre (bgu.ac.uk) or contact the LORIC team at loric@bishopg.ac.uk.
Both projects are made possible by funding from the UK Government through the UK Shared Prosperity Fund.
