Since the launch of the first Community Enterprise Centre (CEC) scheme in 1989, €64 million has been approved for the development of CECs across the country. Since 1989, 157 centres have been approved for financial support - of which 117 have been completed. These centres collectively employ 6,051 people across 1,214 companies.
Most recently, a €5m Community Enterprise Initiative Scheme was launched in June 2015. 118 applications were considered with a total value of €12.3m. There was strong demand for the funding and the process was highly competitive. In June 2016, I announced that 32 applications were successful and these projects amounted to €3.06m.
I will shortly be launching a €60 million Competitive Regional Fund across 2017 - 2020 to further support collaborative approaches to boost enterprise and job creation throughout the country.
CECs will be eligible to apply for this competitive funding. However, I am conscious that the sustainability of the CEC’s is an on-going issue. Therefore proposals for any funding will need to demonstrate that self-sustainability is a key objective.