ERDF Priority 1: Research and Innovation WW&V: ERDF allocation EW: ERDF allocation £239,454,065 £71,281,253 Specific Objective / Areas Results / Targets Targeting Principles Target Groups Allocation Must be aligned to Science for Wales (and Innovation Wales) as part of demonstrating smart specialisation. Increase the research • Consider links to National Research Income of Higher Networks and Sêr Cymru teams. Education Institutions (HEIs): Identify international links / partnerships, SO(1.1) To increase the including potential transnational activity. WW&V target: Higher Education success of Welsh research annual increase Institutions institutions in attracting Investments must demonstrate Other institutions competitive and private EW Target: 6% internationally recognised and world-class and private sector annual increase research excellence. research funding. All Wales businesses investing in Must have a clear route to accessing / WW&V = £95,781,626 Research and [Projects will also need attracting competitive and private research Development to consider longer term funding. EW = £26,900,836 impact on Business Expenditure on Particularly encourage opportunities for Research and industrial collaboration and involvement (in Development (BERD)] particular where private investment can be levered), Links to other programmes also a key component - as a minimum ESF and H2020.
ERDF Priority 1: Research and Innovation WW&V: ERDF allocation £239,454,065 EW: ERDF allocation £71,281,253 Areas Specific Objective / Allocation Results / Targets Target Groups Targeting Principles All Wales SO(1.1) To increase the success of Welsh research institutions in attracting competitive and private research funding. WW&V = £95,781,626 EW = £26,900,836 • Increase the research Income of Higher Education Institutions (HEIs): WW&V target: annual increase EW Target: 6% annual increase [Projects will also need to consider longer term impact on Business Expenditure on Research and Development (BERD)] Higher Education Institutions Other institutions and private sector businesses investing in Research and Development Must be aligned to Science for Wales (and Innovation Wales) as part of demonstrating smart specialisation. Consider links to National Research Networks and Sêr Cymru teams. Identify international links / partnerships, including potential transnational activity. Investments must demonstrate internationally recognised and world-class research excellence. Must have a clear route to accessing / attracting competitive and private research funding. Particularly encourage opportunities for industrial collaboration and involvement (in particular where private investment can be levered), Links to other programmes also a key component - as a minimum ESF and H2020.