The European Commission have agreed a global grant of ten million ECU for local development in Ireland. Area Development Management Ltd. (ADM) has been designated by the Irish Government in agreement with the European Commission as the intermediary responsible for the management of the global grant.
The purpose of the grant is to support the development of indigenous potential at local level. It will focus on measures which encourage and support local economic development initiatives, stimulate new economic activity, and support for local community-based socio-economic development. In particular, the grant will aim to support and tap fully local enterprise initiatives and to promote integrated economic, social and community development of local areas. It will aim to support the main forces of local development by providing funds to develop local leadership and capacity where required.
The procedures for use of the global grant are the subject of an agreement concluded between the European Commission and ADM, in agreement with the Irish Government.
ADM Ltd. publicised the availability of grant assistance for local community bodies through advertisements placed with the national press in early June and an extensive number of applications has been received. In selecting proposals for grants, ADM must, inter alia, respect the following guidelines: