Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor TD and Minister of State for Employment and Small Business Pat Breen TD today announced a new regional development fund that makes €60 million available to projects aimed at creating jobs.

The funding will be provided by the Department of Jobs through the State development agency Enterprise Ireland and is part of the Government’s regional action plans, which focuses on bringing economic growth and investment to regional parts of Ireland.

Commenting on the announcement, Minister of State for Skills and Training John Halligan TD said:

“This Fund will help to ensure the benefits of our growing economy are felt in every region. Harnessing the talent of people in the regions, linking enterprises to the third level sector, keeping entrepreneurs connected, supporting innovation, and putting in place various development programmes for our companies is something we must keep working on.”

Under a competitive process, Enterprise Ireland is now seeking applications for funding under four streams with varying investment levels:

  1. Major Change Projects – €2m up to €5m per project
  2. Regionally Significant Projects – €250,000 up to €2m per project
  3. Local & Community Enterprise Development  Projects – €50,000 up to €250,000 per project
  4. Industry Clusters – €50,000 up to €250,000 per project

Competitive feasibility funding to support the development of high quality regional projects is also available as part of this initiative.

The closing date for applications is August 18th, 2017. To find out more about the fund visit: www.enterprise-ireland.com/REDF

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This article first appeared in the Dublin Globe. For more on Dublin's startup ecosystem and tech industry, visit their website here.