Applications sought for €60m regional development fund

| June 19, 2017

AN information session this Thursday will assist those interested in obtaining further information when applying to the €60m regional development fund.

Attendance is free, but registering your attendance in advance is requested by using the following link www.eventsforce.net/enterpriseireland/2100/register

The competitive funding has been provided by the Department of Jobs, through Enterprise Ireland and is a key action to support the Regional Action Plan for Jobs and the Action Plan for Rural Development.

Aimed at accelerating economic recovery in every part of the country, the fund hopes to assist in delivering on the potential of local and regional enterprise strengths.

In turn, this will support significant collaborative regional initiatives to build on specific industry sectoral strengths and improve enterprise capability, thereby driving job creation.

Under a competitive process, Enterprise Ireland is now seeking applications for funding under four streams with varying investment levels: Major Change Projects – €2m up to €5m per project; Regionally Significant Projects – €250,000 up to €2m per project; Local & Community Enterprise Development Projects – €50,000 up to €250,000 per project and Industry Clusters – €50,000 up to €250,000 per project

Jerry Moloney, Regional Director Mid West and Regional Development Initiatives at Enterprise Ireland said, “A key role of Enterprise Ireland is supporting enterprise development.

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“This fund will provide an important infrastructural mechanism to drive growth in developing enterprise across all regions and will also support the development of industry clusters which will facilitate knowledge transfer, innovation and collaboration among organisations. These are important drivers of enterprise growth and job creation, and we look forward to supporting more regionally-based projects through this initiative.”

The Regional Action Plans for Jobs seek to build on the strengths and opportunities in each region and to build a regional ecosystem including a diversity of companies and sectors, sectoral clusters, a spirit of innovation and collaboration, a good physical and digital infrastructure and appropriate research and technology capability.

This Thursday’s event runs from 8am to 10am at the Limerick Strand Hotel.

See more on www.enterprise-ireland.com/REDF and the closing date for the first call for Streams 1,2,3 and 4 is 3pm Friday August 18 next.

 

 

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Breaking news, crime and courts correspondent with the Limerick Post Newspaper. Also covering general news, business and food stories. Email andrew@limerickpost.ie

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