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Universities to Boost Business Productivity

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Small businesses in Derbyshire and Nottinghamshire will be provided with free productivity support due to a new £7.1m programme being run by three local universities.

Dubbed 'Productivity Through Innovation', the three-year programme will involve the University of Derby, Nottingham Trent University and The University of Nottingham, which will offer support to 181 small and medium enterprises (SMEs).

The D2N2 Local Enterprise Partnership is providing £3.5m, using funds from the European Regional Development Fund, with a further £1.5m coming from the universities.

The project will focus on enabling SMEs to improve their competitiveness and productivity by utilising knowledge, skills and technologies from the three universities through an academic-led diagnostic process.

Professor Chris Gerada, Associate Pro-Vice-Chancellor for Industrial Strategy, Business Engagement and Impact, at the University of Nottingham said, "This programme represents an exciting opportunity for businesses to tap into the high-level skills available at the three universities and to examine their businesses and how innovation and support can help enhance productivity."

"It builds upon our very successful and established Postgraduate Placement Scheme which has just delivered its 1000th placement which have largely been delivered with local SMEs in the East Midlands."