RSSB RESEARCH AND DEVELOPMENT GRANT SCHEME
A new grant scheme to support industry research and development
RSSB is piloting a new grant scheme to provide more direct support for research and development (R&D) projects amongst individual rail industry stakeholders.
Primarily aimed at projects with a more direct route to industry application, the grant is intended to help individual RSSB members overcome potential financial obstacles to the development and implementation of R&D.
Under this new grant scheme, responsibility for the management of the project remains with the applicant, although RSSB may provide technical expertise where requested.
RSSB will provide up to 50% of the investment, with a maximum of £100,000 per project (there is no limit to the overall project value). Applicants for this grant must form a consortium which includes at least one RSSB member company as the lead party. The consortium’s contribution must include at least a 20% cash (ie incremental cost) element. The remainder could be made up of contributions-in-kind, such as the use of existing specialist equipment.
The benefit of the grant to the applicant is a reduction in investment risk without loss of management control of the project, with potentially quicker results than through other routes. For the industry as a whole, the grant scheme will increase the probability of research results being implemented, given the buy-in implied by the industry contribution. This will increase the overall value to industry delivered by research.
Click the links below for further information including Frequently Asked Questions.
For further information email Paul Edmonds at Paul.Edmonds@rssb.co.uk
Links to further information
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