Regional Enterprise Development Fund Open for Applications

Regional Enterprise Development Fund Open for Applications - Dublin Event 6th July 2017

EI               EI competitive fund photo

Launched Regional Enterprise Development Fund of up to €60m open.

This 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. The Fund is aimed at accelerating economic recovery in every part of the country bydelivering on the potential of local and regional enterprise strengths. The Fund 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:

  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.

Competitive feasibility funding to support the development of high quality regional projects is also available as part of this initiative.

CEO of Enterprise Ireland Julie Sinnamon said at formal launch, “Supporting Enterprise development is a key role of Enterprise Ireland. This fund will provide an important infrastructural mechanism to drive growth in developing enterprise in every region. 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 companies 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.

Details of the competitive process are available on Enterprise Ireland’s website www.enterprise-ireland.com/REDF.

Key Dates · The first call is currently open with an application deadline of Fri 18th August, 2017 at 3.00pm. The second call will open on 8th January, 2018 and close 2nd March, 2018 at 3.00pm. Feasibility Study Grant applications of up to €22,500 have an application deadline of Fri 9th June, 2017 at 3.00pm. Further details on this fund are available on the Enterprise Ireland website www.enterprise-ireland.com/REDF

Information Briefings Enterprise Ireland is arranging a series of information session on the Regional Enterprise Development Fund for interested applicants in each region. Details are:

Region                        Location                                   Date                Time

South East      Springhill Court, Kilkenny                     8th June         11.30 for 12.00

South West     Oriel House Hotel, Ballincollig, Cork   8th Jun            16.30 for 17.00

Mid-West        The Strand Hotel, Limerick                  22nd June       08.00 for 08.30

North West     Clayton Hotel, Sligo                             22nd June       13.30 for 14.00

Midlands        Tullamore Court Hotel, Tullamore        23rd June        10.30 for 11.00

Mid-East        The Glenroyal Hotel,  Maynooth          26th June         10.30 for 11.00

Dublin             The Red Cow Hotel, Dublin                6th July             13.30 for 14.00

North-East      Dundalk/Cavan                                    tbc

West               Ard Ri House Hotel, Tuam, Co. Galway  29th June    18.30 for 19.00

For further information please link here for the relevant contact details.

ENDS

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