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, a total of 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. A total of 21 projects were successful under each initiative and a total of €31.5 million was approved under Call 1 and €29 million under Call 2. Table 1 provides a breakdown of the grants approved to successful projects under Call 1 and 2 by region.
Table 2 presents the amount drawn down each year to date under Call 1 and 2 of the Regional Enterprise Development Fund. It is important to note that there is a lag time between grant approved and grant paid. Grant expenditure must be incurred by the successful grant awardee and then inspected by Enterprise Ireland prior to payment.
The number of applications, successful and unsuccessful, received under each of the four funding streams, by region, is presented in the following tables. Due to the collaborative nature of projects, the regional breakdown of projects presents the best overview of applications, successful and unsuccessful. Table 3, 4 and 5 provides the detail by region.
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. Funding approved to successful projects was in the form of grants and is presented in Table 6 .
The required information referred to above in Tables 1 to 6 is provided in the attached link.
Budget Allocations
