Swansea University Awarded £6m EU grant
Back in 2016, SPECIFIC secured £15m of EU funds to assist companies in West Wales and the Valleys who could benefit from our expertise in solar energy, materials science, low-carbon building energy systems and technologies.
Nine years on, and countless projects and collaborations later, SPECIFIC is celebrating another two years of EU structural funding from the Welsh Government totalling £6m. The funding will enable SPECIFIC to continue its work assisting West Wales the Valleys companies until March 2023.
With this funding and a further £5m from UKRI (EPSRC and Innovate UK), the centre has successfully bridged the gap between industry and academia by linking world-class research teams with businesses in Wales, the UK and beyond.
By proactive engagement with SPECIFIC, organisations can solve their real-world challenges by developing new innovations and products in line with SPECIFIC’s own work to develop technologies for ‘Active Buildings’ that can generate, store and release their own renewable energy.
Since 2016, SPECIFIC has assisted over 70 companies in West Wales and the Valleys in many varied ways (including, for example, assisting companies to improve their use of renewable energy, waste heat capture and energy performance monitoring of buildings) To date, the project has attracted £5.3m in private investment support to collaborating SMEs.
SPECIFIC was one of six UK Innovation and Knowledge Centres (IKCs) created by the UK Government.
Source: Swansea University