€10m in grants for regional and community-based projects

€10 million is to be made available in government grant funding to regional and community-based projects focused on helping enterprises to adapt to the changing economic landscape due to Covid-19 and Brexit.

That grants will also be available to projects supporting digitalisation and assisting in the transition to a green economy.

The funding, part of the Regional Enterprise Transition Scheme, was announced this morning by Ministers of State, Damien English and Robert Troy.

The grants will be administered by Enterprise Ireland.

€9.5 million of the fund is to targeted at existing regional and community-based projects previously supported under the Regional Enterprise Development Fund and Border Enterprise Development Fund that can ‘demonstrate the ability to deliver additional impact and execute project deliverables’ in the current year.

Grants of up to €1.8 million, or 80% of the project cost – whichever is lower – are available.

The projects should aim to address Covid impacts and improve the capability and competitiveness of regional enterprises and encourage entrepreneurial activity, innovation and productivity.

The scheme is open to applications from today until September 8th.

A further €500,000 is to be made available through a Feasability Fund which is open to new projects, with grants available of up to €50,000, or 50% of the project cost – whichever is lower.

This scheme opens for applications today and will remain open until October 1st.

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