Thursday, 7 March 2019

Ceisteanna (32)

Tony McLoughlin

Ceist:

32. Deputy Tony McLoughlin asked the Minister for Business, Enterprise and Innovation when the next round of the regional enterprise development fund will open for applications; and if she will make a statement on the matter. [11161/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Business)

The Government has made a significant commitment under Project Ireland 2040 to target €4 billion to support the key priorities of rural renewal, urban regeneration, the achievement of climate action objectives, and the development of new technologies. These funds will also act as key enablers for regional growth over the coming years.

I will be looking particularly at the REDF in the context of the full range of new funds available under Project Ireland 2040, with a view to identifying where there may be remaining gaps in funding provision for regional enterprise development. Following the success of the first two calls under the Regional Enterprise Development Fund (REDF) with 42 projects approved for funding of up to €60m, my officials are now assessing the impact of the scheme to date, key gaps and needs and how best to focus future calls. Further funding calls will be launched over the coming months based on this wider review of the Regional Enterprise Development Fund (REDF) by my Department.