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Enterprise Ireland Opens Applications for Development Fund

Enterprise Ireland will host an information session for those interested in applying for the €60million Regional Enterprise Development Fund in Dublin next week.

The new fund has been provided by the Department of Jobs, Enterprise and Innovation 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.

Enterprise Ireland is now seeking applications for funding under four streams with varying investment levels;

  1. Major Change Projects; €2m up to €5m per project
  2. Regionally Significant Projects; €250,000 up to €2m per project
  3. Local & Community Enterprise Development Projects; €50,000
    up to €250,000 per project
  4. Industry Clusters; €50,000 up to €250,000 per project

The funding is designed to “support significant collaborative regional initiatives to build on specific industry sectoral strengths and improve enterprise capability, thereby driving job creation”,

The information event will be held on Thursday, July 6th at the Red Cow Hotel from 1.30pm to 3.30pm and admission is free but those attending must register their interest online via https://www.eventsforce.net/enterpriseireland/ 2105/register.

Jerry Moloney, Manager of Regional Development Initiatives at Enterprise Ireland said: “A key role of Enterprise Ireland is supporting enterprise development. This fund will provide an important infrastructural mechanism to drive growth in developing enterprise across all regions.”

“The fund 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 closing date for all funding streams is Friday, August 18th at 3pm. For more information or details of the competitive process visit Enterprise Ireland’s website www.enterprise-ireland.com/REDF.