Construction body launches new database to help companies apply for cash

UK construction companies can tap into at least £500m of European funding every year, estimates the Chartered Institute of ΢Ȧ.

The institute has said that too few companies are aware of the money available and has created an online database for members to search for research funding available at a local, national and European level.

In a statement, the CIOB said: “The data also shows that very few industry organisations are aware of the funding opportunities available, and ways to finance Innovation, Research and Development.”

Peter Ball, a member of the CIOB innovation and research panel said: “Knowing the funding is there is only a small part of the challenge. Actually having a good idea that fits the “call” and writing a good application is a challenge itself but one which is eminently achievable.”