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"This is groundbreaking stuff. Administrating grant applications is an extraordinarily complex process, particularly where the funds available run into millions of pounds. This unique system enables a simple online registration, eligibility checking and application process enabling us to stay on top of thousands of applications and track their progress through the system.
 
We are also accountable to the EU and the system will allow us to report to them effectively and to track where funds are at any point in time. We will also be able to demonstrate a huge return on investment by massively reducing our administration costs. "

Steve Cargill, Project Officer, Lincolnshire Broadband Team on the Grant Administration System developed by VBN
     
   Article    
 
Major Regional Project to work with VBN
Release date: 17 Aug 2003
One of this year's most significant public sector economic development projects, the Oxford to Cambridge Arc, has chosen VBN to partner them in creating a virtual network of networks across the region.

The objectives of the Arc are as follows:

1. The largest and most successful knowledge-based economy in Europe with realistic ambitions to become the world leader A jewel in the crown of the United Kingdom, the European centre of Excellence for knowledge-based businesses and a magnet for inward investment.

2. The most open and interactive knowledge-based community in Europe with innovation and entrepreneurship as its watchwords

3. In achieving these aims we will meet all the needs of the region's citizens in both their working and their private lives by offering a stimulating and rewarding environment based upon the principles of sustainability, personal development and commitment to the community.

The web platform will be developed in 3 phases:

1. A fully interactive VBN virtual network

2. Developing the network of networks through our common databases and applications such as intelligent spider searching technology and Enquiry Broker

3. Development of a Trading Hub
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Article Id:84573
Release date:17 Aug 2003