The Government’s €60 million Regional Enterprise Development Fund, administered by Enterprise Ireland, has the objective of
supporting every region to build on its unique strengths and ultimately create sustainable jobs. Administered via two competitive calls, 42 projects were approved funding totalling €59.5 million. The budget for this fund is part of Enterprise Ireland’s budget to support enterprise development.
Successful projects under Call 1 and Call 2 of the fund were announced on the 11th of December 2017 and the 3rd of December 2018 respectively. 21 projects were successful under each initiative. €31.5 million was approved under Call 1 and €29 million under Call 2.
The number of applications, successful and unsuccessful, received under each of the four funding streams, by region, is presented in the table following. Due to the collaborative nature of projects, the regional breakdown of projects presents the best overview of applications, successful and unsuccessful.
Applications under Regional Enterprise Development Fund
|
Region
|
Stream 1
|
Stream 2
|
Stream 3
|
Stream 4
|
Total
|
|
Dublin
|
7
|
7
|
10
|
4
|
28
|
|
Mid-East
|
5
|
8
|
1
|
1
|
15
|
|
Midlands
|
2
|
2
|
2
|
1
|
7
|
|
Mid-West
|
5
|
10
|
2
|
1
|
18
|
|
North East
|
3
|
2
|
3
|
0
|
8
|
|
North West
|
4
|
5
|
0
|
1
|
10
|
|
South East
|
1
|
11
|
2
|
1
|
15
|
|
South West
|
3
|
18
|
7
|
4
|
32
|
|
West
|
6
|
9
|
5
|
0
|
20
|
|
Total
|
36
|
72
|
33
|
12
|
153
|
Approvals under Regional Enterprise Development Fund
|
Region
|
Stream 1
|
Stream 2
|
Stream 3
|
Stream 4
|
Total
|
|
Dublin
|
3
|
1
|
1
|
1
|
6
|
|
Mid-East
|
0
|
2
|
0
|
0
|
2
|
|
Midlands
|
1
|
1
|
1
|
0
|
3
|
|
Mid-West
|
2
|
2
|
0
|
1
|
5
|
|
North East
|
1
|
0
|
2
|
0
|
3
|
|
North West
|
0
|
4
|
0
|
0
|
4
|
|
South East
|
0
|
4
|
0
|
1
|
5
|
|
South West
|
2
|
4
|
2
|
2
|
10
|
|
West
|
2
|
1
|
1
|
0
|
4
|
|
Total
|
11
|
19
|
7
|
5
|
42
|
Unsuccessful projects under Regional Enterprise Development Fund
|
Region
|
Stream 1
|
Stream 2
|
Stream 3
|
Stream 4
|
Total
|
|
Dublin
|
4
|
6
|
9
|
3
|
22
|
|
Mid-East
|
5
|
7
|
1
|
1
|
14
|
|
Midlands
|
1
|
1
|
1
|
1
|
4
|
|
Mid-West
|
3
|
8
|
2
|
0
|
13
|
|
North East
|
2
|
2
|
1
|
0
|
5
|
|
North West
|
4
|
1
|
0
|
1
|
6
|
|
South East
|
1
|
6
|
2
|
0
|
9
|
|
South-West
|
1
|
14
|
5
|
2
|
22
|
|
West
|
4
|
8
|
4
|
0
|
16
|
|
Total
|
25
|
53
|
26
|
7
|
111
|
The successful applicants from Call 1 and Call 2 are detailed in the tables following. The approved funding figures are not available for Call 1 for reasons of commercial sensitivity. A change to the scheme document for Call 2, stated that the approved funding figures would be published as part of the fund’s requirement.
Projects approved under Call 1 of the Regional Enterprise Development Fund
|
Project
|
County
|
|
Monaghan County Enterprise Fund
|
Monaghan
|
|
Leitrim County Enterprise Fund
|
Leitrim/Cavan/Longford
|
|
Donegal Digital Innovation CLG
|
Donegal
|
|
BIA Innovator Campus CLG
|
Galway
|
|
Irish Bioeconomy Foundation CLG
|
Tipperary
|
|
Emerald Aerocluster CLG
|
Limerick/Shannon/Ireland
|
|
Insurtech Network Centre DAC
|
Carlow
|
|
ThreeD (Design Develop Disseminate) DAC
|
Waterford/South
|
|
Agritech Centre of Excellence CLG
|
Kerry/National
|
|
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
|
|
County Kildare Community Network Company CLG
|
Kildare
|
|
Dublin Enterprise & Technology Centre CLG
|
Dublin/National
|
|
Ghala DAC
|
Dublin/National
|
|
Social & Local Enterprise Alliance DAC
|
Dublin
|
|
BPO Cluster Ireland CLG
|
Dublin/National
|
|
Irish Manufacturing Research CLG
|
Westmeath/National
|
Projects approved under Call 2 of the Regional Enterprise Development Fund
|
Project
|
County
|
Approval Amount
|
|
Galway City Innovation District CLG
|
Galway
|
€2,487,400
|
|
Midc Páirc Na Mara
|
Galway
|
€2,000,000
|
|
The Burren Lowlands CLG
|
Galway, Clare
|
€182,786
|
|
CIT Consortium Projects DAC
|
Cork, Kerry
|
€336,360
|
|
Ludgate Operations CLG
|
Cork
|
€1,990,392
|
|
Vista Agri 4.0 Hub CLG
|
Cork, Kerry,
Waterford, Tipperary
|
€1,865,215
|
|
Crystal Valley Tech CLG
|
Waterford,
Wexford,
Carlow,
Kilkenny,
Tipperary
|
€219,919
|
|
Incupharm DAC
|
Waterford, Wexford,
Carlow, Kilkenny,
Tipperary
|
€799,212
|
|
National Design Innovation Hub DAC
|
Carlow, Kilkenny
|
€1,843,320
|
|
Boyne Valley Food
Innovation District DAC
|
Meath, Cavan,
Monaghan,
Louth
|
€1,580,640
|
|
Mountmellick Development Association CLG
|
Laois
|
€218,200
|
|
Offaly Innovation & Design Centre CLG
|
Offaly
|
€458,240
|
|
BNest Social Initiative DAC
|
Limerick, Clare,
Tipperary, Cork, Kerry
|
€603,400
|
|
Clare MEZ (Maritime Economic Zone) DAC
|
Clare
|
€1,759,226
|
|
Innovate Limerick
T/A Hospital Foods DAC
|
Limerick, Clare,
Tipperary
|
€2,279,073
|
|
Innovate Dublin
Communities CLG
|
Dublin
|
€249,955
|
|
St. Paul's Area Development Enterprise CLG
|
Dublin, Mid East
|
€2,094,000
|
|
Bioconnect Innovation Centre CLG
|
Monaghan, Cavan
|
€4,976,880
|
|
Focused Engineering Network DAC
|
Monaghan, Cavan
|
€250,000
|
|
Leitrim Food Enterprise Zone CLG
|
Leitrim, Cavan, Sligo,
Donegal
|
€953,640
|
|
Sligo County Enterprise Fund CLG
|
Sligo, Mayo,
Leitrim
|
€1,906,640
|
Due to the collaborative nature of each project, the regional breakdown below presents the best overview of the number of payments issued to successful applicants to date:
Number of payments to successful projects under the Regional Enterprise Development Fund to date:
|
Region
|
Number of Payments
|
|
Dublin
|
<5
|
|
Mid-East
|
<5
|
|
Midlands
|
<5
|
|
Mid-West
|
<5
|
|
North East
|
<5
|
|
North West
|
<5
|
|
South East
|
<5
|
|
South West
|
8
|
|
West
|
<5
|
|
Total
|
14
|
Funding approved to successful projects was in the form of grants. Grant expenditure must be incurred and then inspected by Enterprise Ireland prior to payment. The payments refer to payments for approved REDF projects and does not include payments for feasibility studies. Funding for feasibility studies under the REDF is provided to enable promoters to investigate the viability of the project and prepare final submissions for consideration. In some instances, more than one payment has been issued to successful projects under the REDF to date.
