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Enterprise Ireland Funding

Dáil Éireann Debate, Tuesday - 16 January 2018

Tuesday, 16 January 2018

Questions (624, 625, 626)

Fergus O'Dowd

Question:

624. Deputy Fergus O'Dowd asked the Minister for Business, Enterprise and Innovation the number of applications received for the recently announced regional enterprise development fund, by county; and the location and name of applicants. [54717/17]

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Fergus O'Dowd

Question:

625. Deputy Fergus O'Dowd asked the Minister for Business, Enterprise and Innovation the criteria used for the regional enterprise development fund; and the steps available to persons who were unsuccessful in this round of funding. [54718/17]

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Fergus O'Dowd

Question:

626. Deputy Fergus O'Dowd asked the Minister for Business, Enterprise and Innovation if officials from her Department will meet with the unsuccessful applicants to advise them on applications for future rounds of funding in the REDF or similar schemes. [54719/17]

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Written answers

I propose to take Questions Nos. 624 to 626, inclusive, together.

On 11 December last, I announced the results of the first round of the new competitive Regional Enterprise Development Fund (REDF).

The REDF is a €60 million competitive fund launched by Enterprise Ireland in 2017, with funding being made available over the period 2017-2020 under two competitive calls.

The Fund, which is an open national competitive call to support regional projects, is provided by my Department, through Enterprise Ireland and is a key action to support the Regional Action Plan for Jobs and the Action Plan for Rural Development.

Twenty-one successful applicants representing all regions of the country secured up to €30.5m in funding for their projects in the first competitive call.

75 applications were received by Enterprise Ireland in response to the first call, county locations of which are set out in Table 1.

Applicants are entitled to a certain level of privacy; therefore, Enterprise Ireland is not in a position to release the names of unsuccessful applicants.

A list of successful projects by region/county is detailed in Table 2.

Table 1: Number of Applications Per County

County  

No of Applications  

Carlow

3

Cavan

2

Clare

1

Cork

8

Donegal

2

Dublin

14

Galway

7

Kerry

7

Kildare

2

Kilkenny

2

Laois

1

Leitrim

2

Limerick

7

Louth

2

Mayo

1

Meath

1

Monaghan

2

Roscommon

1

Tipperary

4

Waterford

2

Westmeath

2

Wexford

1

Wicklow

1

Grand Total

75

Table 2: Successful Projects by Region/County

Projects Recommended for approval  

Location  

Northern & Western Region

 

Monaghan County Enterprise Fund

Monaghan

Leitrim County Enterprise Fund

Leitrim/Cavan/Longford

Donegal Digital Innovation CLG

Donegal

BIA Innovator Campus CLG

Galway

Southern Region

 

Irish Bioeconomy Foundation CLG

Tipperary

Emerald Aerocluster CLG

Limerick/Shannon/National

Insurtech Network Centre DAC

Carlow

ThreeD (Design Develop   Disseminate) DAC

Waterford

Agritech Centre of Excellence   CLG

Kerry

RDI Hub CLG

Kerry/National

Cork Urban Enterprises CLG

Cork

IT@Cork CLG

Cork

KerrySciTech CLG

Kerry/Cork

Sneem Innovation &   Technology Services CLG

Kerry

MOL TEIC CLG

Kerry

Eastern & Midlands Region

 

County Kildare Community   Network Company CLG

Kildare

Dublin Enterprise &   Technology Centre CLG

Dublin

Ghala DAC

Dublin/National

Social & Local Enterprise   Alliance DAC

Dublin

BPO Cluster Ireland CLG

Dublin/National

Irish Manufacturing Research   CLG

Westmeath/National

Total number of projects

21

All applications were evaluated against the following criteria:

 -

Evaluation Criteria  

Weighting  

1

Impacts and value for money

30%

2

Collaboration and Participation  

20%

3

Viability and sustainability

20%

4

Building Regional Strengths

20%

5

Significance for innovation and Capability Building

10%

 

Total

100%

Officials from Enterprise Ireland will meet with unsuccessful applicants and provide feedback on the application, aligned to the publicly referenced evaluation criteria. As this fund was administered as a competitive process, decisions are final. Enterprise Ireland will work with the applicant to advise them on a revised application if they decide to apply again under the second competitive call, and advise them on future rounds of funding and/or other schemes.

The second call under the REDF scheme is expected to issue in Q1 2018 and will fund projects from the remaining balance of the €60m budget available.

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