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Last Updated: Saturday, 15 January, 2005, 10:58 GMT
Shoe power firm wins new funding
Department of Trade and Industry sign
The grants have been awarded by the DTI
A firm hoping to generate electricity from burning leather shoes is among a clutch of companies in the region to benefit from £3m worth of grants.

BLC Leather Technology, of Northampton, has won a grant of up to £600,000 from the Department of Trade and Industry .

The company was among 12 in the eastern region to benefit from the grants which aim to boost new technologies.

Other big winners include Ford Motor Company in Basildon and Peter Brotherhood Ltd in Peterborough.

The Ford Motor Company will receive grants towards a £2.69m project to development more environmentally friendly vehicles.

While energy company Peter Brotherhood will receive grants towards its £1.65m project to develop air turbines to improve the production of renewable energy.

Winner of the latest DTI technology grants
Pelkion (electronics), Cambridge
Ford Motor Company (cars), Basildon
Accelrys (computing), Cambridge
MERL (engineering), Hertford
FIRA (engineering), Stevenage
IMT (engineering), Bury St Edmunds
Peter Brotherhood Ltd (energy), Peterborough
Micro Circuit (engineering), Newmarket
TeraView (electronics), Cambridge
BLC Leather Technology (research), Northampton
Systems Advanced Technology (engineering), Towcester

BLC Leather Technology, which is based at Moulton Park, is developing a way to burn waste leather shoe uppers to supply heat and power.

The total cost of the project is £840,000.

David Marlow, chief executive of the East of England Development Agency (EEDA), said: "I am delighted that businesses in this region have been chosen to receive funding from the DTI Technology Strategy.

"The funding will help sustain the growth each company has experienced and will allow the East of England to drive forward emerging technologies that will make a real difference to the UK's competitiveness."

Government investment will provide grants between 25% and 75% for collaborative projects.


SEE ALSO:
Business start-ups growing in UK
04 Nov 04 |  Business
Renewable energy in the home
02 Sep 04 |  Business


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