Enterprise Ireland sets its sights on $67m fund

The regional development fund is set to provide up to $5.6m in funding to projects.

Irish state-owned export credit agency Enterprise Ireland is looking to raise €60m ($67m) with a regional development fund, according to the Irish Independent.

The organisation will provide funding through the Department of Jobs, led by Mary Mitchell O’Connor, minister for jobs, enterprise and innovation, and Pat Breen, minister of state for employment and small business.

Companies can apply for capital between €50,000 and €5m for each project with four tiers of varying sizes: major change, regionally significant, local and community enterprise development and industry clusters.

O’Connor said the fund would support local and innovative proposals to deliver sustainable employment.

Breen said: “This fund will help to ensure the benefits of our growing economy are felt in every region.

“Harnessing the talent of people in the regions, linking enterprises to the third level sector, keeping entrepreneurs connected, supporting innovation, and putting in place various development programs for our companies is something we must keep working on.”

See more from this Government Report: Ireland

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