11/12/2013

Businesses Encouraged To Grasp €79bn EC Funding

Northern Ireland businesses are being encouraged to take advantage of a €79bn research and development fund launched today by the European Commission.

Enterprise Minister Arlene Foster and Employment Minister Stephen Farry met the new Horizon 2020 NI Contact Point (NICP) network, which includes Queen’s University, the University of Ulster, Invest NI, AFBI, InterTradeIreland and Brussels-based NI staff.

Minister Foster said: "Horizon 2020 represents a key opportunity for new funding for innovation and research and development which is critical in driving economic growth. To help local organisations to become much more successful in winning funding from this key European initiative, my department has produced a Northern Ireland action plan. The actions have been devised to ensure that Northern Ireland applicants, and specifically our SMEs, are fully supported in competing in this new funding programme."

Minister Farry added: "Horizon 2020 provides an important opportunity for our economy and in particular our universities. By combining our world class research base excellence with the experience and knowledge of these new NI Contact Points, I believe that Northern Ireland will reap the rewards of participating to the fullest extent in the Horizon 2020 programme."

Horizon 2020 will run from 2014 through to 2020 and is a financial instrument to implement the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness.

(IT/CD)

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