Cumbria-based innovation and technology development scheme Innovus has secured £1.5 million further funding from the government.
Innovus will receive the backing from the Regional Growth Fund, the government's flagship economic stimulus package, via the University of Manchester.
The new funding is expected to lead to further investment totaling over £2.5m into developing new technology based projects in Cumbria.
The Innovus programme helps businesses to make commercial success of innovative technology and is delivered by The University of Manchester’s Dalton Nuclear Institute and the National Nuclear Laboratory.
Adrian Davis-Johnston, Programme and Engagement Manager at Innovus, said: “I am delighted that The University of Manchester and the National Nuclear Laboratory have secured this funding to continue to support innovative companies in Cumbria to grow through their invention and hard work.”
Prof. Paul Howarth Managing Director of National Nuclear Laboratory said: “Cumbria has a tremendous mixture of ingredients for successful innovation to take place: a mixture of large companies and smaller businesses, a wide range of technical and creative talent, world-leading facilities and a real ‘can-do’ approach to any challenge. NNL is delighted to be at the centre of the Innovus programme.”
Innovus is funded by Regional Growth Fund, The University of Manchester, National Nuclear Laboratory, Britain’s Energy Coast in partnership with the Nuclear Decommissioning Authority and Sellafield Ltd.
The Innovus scheme is open for applications for support and funding. Any businesses wishing to apply can do so via the Innovus website (www.innovus.org.uk) or via email innovate@innovus.org.uk