Dáil Éireann Debate, Wednesday - 18 April 2018
51. Deputy Peter Burke asked the Minister for Business, Enterprise and Innovation when the next round of the Regional Enterprise Development Fund 2017-2020 will open for applications; and if she will make a statement on the matter. [16178/18]
Amharc ar fhreagraI launched the Second Call of the Regional Enterprise Development Fund on Monday in Farmleigh. This call will fund projects with the balance of the €60m remaining under the fund.
The first call under the Fund was announced in May 2017, with the results released in December. Twenty-one applicants representing all regions of the country secured a total of up to €30.5m in financial support for a range of enterprise and capability development projects.
The REDF is aimed at accelerating economic recovery in every part of the country by delivering on the potential of local and regional strengths. The funding is provided by my Department, through Enterprise Ireland under the National Development Plan. It is a key action to support the Regional Action Plans for Jobs and the Action Plan for Rural Development.
A maximum of up to 80% is available for projects, with the balance to be leveraged from the private, community or public sector.
The Fund will support major new collaborative and innovative initiatives that can make a significant impact on enterprise development in the region/across regions or nationally to build the unique USP capabilities to grow the regions. Projects must be impactful, with the impact being jobs.
Further information is available on the Enterprise Ireland website.
