Dáil Éireann Debate, Tuesday - 25 July 2023
407. Deputy Brendan Smith asked the Minister for Enterprise, Trade and Employment when specific additional financial supports will be introduced to assist local authorities and community development organisations in the development of enterprise centres, in view of their importance in providing workspace for start-up businesses and small enterprises; and if he will make a statement on the matter. [37062/23]
Amharc ar fhreagraEnterprise Ireland has invested over €160 million in not-for-profit Enterprise Centres under several schemes, including the Regional Enterprise Development Fund, the Border Enterprise Development Fund, the Community Enterprise Centre Schemes and the Community Enterprise Initiative Scheme since 1999.
They are important hubs that play a crucial role in supporting local businesses and fostering economic development in their respective communities. These centres are typically non-profit organisations that provide affordable workspace, facilities, and various support services to small and medium-sized enterprises, startups, and entrepreneurs.
Key features and functions of Community Enterprise Centres in Ireland include -
• Affordable office spaces, shared workspaces, meeting rooms, and sometimes industrial units to accommodate a diverse range of businesses.
• Provision of a range of support services such as mentoring, training, workshops, and networking events to help entrepreneurs and businesses grow and succeed.
• Often act as business incubators, offering a nurturing environment for startups and early-stage companies.
• Crucial for promoting economic development in local communities, creating job opportunities, and supporting local entrepreneurship.
• Especially valuable in rural areas where access to resources and support for businesses may be limited.
• Encourage collaboration and networking among businesses operating within their premises, fostering a vibrant and innovative ecosystem.
Enterprise Ireland are working on finalising a new Smart Regional Enterprise Innovation Scheme to support new regionally strategic and impactful projects; existing or new cluster/consortia projects; and operational and programmatic support for the expansion of scale and scope of existing REDF & BEDF projects. This will include the possibility of funding for Community Enterprise Centres.
This new scheme which is being funded under the European Regional Development Fund is going through final scheme design, state aid and legal sign off and approvals currently. It is planned to launch this scheme in September 2023.
