Food & Drink Funding
Recent months have seen the first steps taken towards ‘Ambition 2030’, Scotland Food & Drink’s strategy to cement food and drink as Scotland’s most valuable industry with the aim of doubling the value of the sector to £30 billion by 2030. Launched in March 2017 in partnership with First Minister Nicola Sturgeon, the strategy places a focus on three key aspects of the industry: people and skills; supply chain; and innovation.
The drive for innovation received a boost in May 2017 when the Scotland Food & Drink Innovation Working Group launched ‘Make Innovation Happen’, a gateway service which aims to propel innovation in the sector by connecting businesses with resources, technical expertise and advice on innovation funding. As part of that service, the new £650,000 Collaborative Innovation Fund, co-funded by Highlands and Islands Enterprise and Scottish Enterprise, opened for applications on 1 July 2017 to support food and drink businesses working collaboratively on innovative projects. The fund is a bi-annual competition for groups of businesses in Scotland’s food and drink supply chain with a focus on SMEs.
Funding is key to the sector if the targets set out in Ambition 2030 are to be achieved. Schemes like the Food Processing, Marketing and Co-operation (FPMC) grant provide significant support, with £5.8 million recently having been awarded amongst 16 suppliers and producers, facilitating job creation and the construction of new facilities.< Back