Categories: Business
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31 October, 2024 8:23 pm

New funding opportunity for dairy entrepreneurs in the UK

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The Legacy Entrepreneurship Acceleration Programme offers vital support for dairy start-ups.

Introduction to the Legacy Entrepreneurship Acceleration Programme

The UK dairy industry is set to benefit from a new funding initiative aimed at fostering innovation and entrepreneurship. The Legacy Entrepreneurship Acceleration Programme (LEAP), backed by the Dick Lawes Legacy Fund, offers grants ranging from £30,000 to £50,000 for selected projects. This initiative is designed to support emerging food start-ups, particularly those within the dairy supply chain, and aims to enhance the overall sustainability and efficiency of the sector.

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Focus on dairy supply chain innovation

LEAP is specifically tailored to address the unique challenges faced by the dairy industry. By providing financial assistance and mentorship, the programme seeks to empower entrepreneurs to develop innovative solutions that can improve farm-to-fork processes. This includes advancements in animal nutrition, production efficiency, and sustainability practices. The initiative is a response to the growing demand for sustainable food sources and the need for the dairy sector to adapt to changing consumer preferences.

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Impact of the Dick Lawes Legacy Fund

The Dick Lawes Legacy Fund was established in memory of the influential animal nutrition entrepreneur, Dick Lawes, who significantly impacted the dairy industry through his ventures, including Volac and LE Pritchitt & Co. His legacy continues to inspire new generations of entrepreneurs. The LEAP programme not only honors his contributions but also aims to create a lasting impact on the agricultural landscape by supporting innovative projects that align with his vision for a sustainable future.

Collaboration and support from AberInnovation

AberInnovation, located near Aberystwyth, Wales, is at the forefront of this initiative. As a hub for research and development in biotechnology and agri-tech, AberInnovation is committed to fostering collaboration between academia, industry, and the public sector. Rhian Hayward, the chief executive of AberInnovation, emphasized the importance of the Dick Lawes Legacy Fund in supporting projects that can drive significant advancements in agriculture, food, and life sciences. This collaborative approach ensures that selected projects benefit from a wealth of expertise and resources, enhancing their chances of success.

Conclusion

The launch of the Legacy Entrepreneurship Acceleration Programme marks a pivotal moment for dairy entrepreneurs in the UK. With substantial funding and expert support available, this initiative is poised to catalyze innovation within the dairy supply chain, ultimately contributing to a more sustainable and resilient food system.

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The Legacy Entrepreneurship Acceleration Programme offers vital support for dairy start-ups.

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