Dáil Éireann Debate, Tuesday - 2 October 2018
311. Deputy Peter Burke asked the Minister for Business, Enterprise and Innovation the status of the expenditure of allocated funds under the Community Enterprise Initiative 2016 for the Monksland incubator hub in County Roscommon; and if she will make a statement on the matter. [39695/18]
View answerThe Community Enterprise Initiative was a €5 million competitive fund to support community-driven enterprise development initiatives. I understand from Enterprise Ireland that 118 applications were considered. There was strong demand for the funding and the process was highly competitive. Some 32 applications exceeded the standard required for funding, following assessment by an external assessor, Committee adjudication and approval by Enterprise Ireland.
Enterprise Ireland announced the results on 1 June 2016 and the company in question was successful. All letters of offer under the Community Enterprise Initiative were dispatched on the day the Scheme's successful applicants were announced, including the letter of offer to the company concerned.
Enterprise Ireland has informed me that there has been a modification to the project as originally proposed. In that regard, no payments have been made to date to the company concerned in relation to its project. The project is, however, ongoing and Enterprise Ireland continues to engage with the company with the next meeting scheduled later this month.
