Description

Overview of the Regional Enterprise Development Fund

In February 2015, as part of an overarching strategy to support regional enterprise development, the Government announced a Regional Competitive Fund with the objective of supporting significant regional initiatives to build on sectoral strengths and/or to better leverage identified resources to improve enterprise capability.  This is in line with the overall objectives of the Action Plan for Jobs: Regional initiative and national enterprise policy.

This regional competitive fund is designed to support the ambition, goals and implementation of the RAPJs. Enterprise Ireland with the support of DJEI is leading in the development and implementation of this Fund of up to €60m. 

It is proposed to deliver this funding through two Scheme calls, the first call will fund projects under the Regional Enterprise Development Fund of up to €35m in grant support. The second call under this Scheme will fund projects from the remaining balance of the €60m budget available.

Further details on this fund are available on the Enterprise Ireland website www.enterprise-ireland.com/REDF

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