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


Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. News round up 2 January 2018

    January 02, 2018

  2. 2017: year in review

    January 10, 2018

  3. Temasek and EDBI take a slice of Pear

    January 03, 2018

  4. News round up 22 January 2018

    January 22, 2018

  5. WM Motor revs up with new funding

    December 28, 2017