Regional Enterprise Development Fund 2017-2020 Applications Close 17th October 2019

In February 2015, as part of an overarching strategy to support regional enterprise development, the Government announced a Regional Competitive Fund with the objective of supporting significant regional initiatives to build on sectoral strengths and/or to better leverage identified resources to improve enterprise capability.

 


The Fund was launched over two calls in 2017 & 2018 with 38 Feasibility and 42 main stream projects approved approx. €60m in funding. These supported projects are located in every region of the country.


Following the success of the initial scheme the Minister for Jobs, Enterprise & Innovation has launched a new scheme with funding of a further €45m to support the achievement of objectives outlined in the Regional Enterprise Plans; Future Jobs Ireland and Enterprise Ireland’s “Powering the Regions” initiatives.

The funding will be delivered through one Scheme call. The call launched on the 24th June 2019 will remain open for applications up to the call close date which is 15.00 on Wednesday 17th October 2019. Applications received by Grants Admin after 15.00 on the 17th October will be ineligible. Note that is an absolute cut off point as it is a computerised shut down at 15.00 and as it is a competitive call any applications not received by that time cannot be considered. Call 3 Regional Enterprise Development Fund information sessions will be run in each region over the next 5 to 6 weeks, details will be available shortly.

The Scheme will support major new collaborative and innovative initiatives that can make a significant impact on enterprise development in the region/across regions or nationally to build the unique USP capabilities to grow the regions, (“the Projects”). This will be achieved by co-financing the development and implementation of collaborative and innovative projects that can sustain and add to employment at a national, regional and county level.  The overarching aim of this Scheme is to drive enterprise development and job creation in each region throughout Ireland.

The Scheme has three streams:

Stream One: to support Strategic Change Projects with major regional, multi-regional or national sectoral initiative grants from €500k up to €5m per project in funding towards capital and current costs, at a maximum grant rate of 80% of actual costs. These initiatives should be focussed on achieving defined enterprise development outputs and impacts.

Stream Two for Regional Strengthening Projects, grants from €100k up to €500k per project in funding towards capital and current costs, at a maximum grant rate of 80% of actual costs These projects should be focussed at local, county or regional initiatives that have defined metrics for enterprise development in the area.

Stream Three to support significant Enterprise Clustering Initiatives with grants of €50k up to €350k per project in funding towards current costs, at a maximum grant rate of 80% of actual costs. These projects should support industry-led groups to maximise the benefits of collaborative opportunities where the results of the activity will have identifiable and measurable impacts on their business.

To find out more and to check eligibility go to Enterprise Ireland

 

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