Border Stimulus Package
Now that Brexit is a reality, there is a renewed focus on innovation, competitiveness and diversification a strong business strategy for Irish companies.
To support this strategy the Minister for Business, Enterprise and Innovation, Heather Humphreys, TD recently announced the details of a special €28 million economic stimulus package for the Border region.
Given the closely integrated supply chains across this region, the fund is specifically designed to help the counties most impacted from Brexit; Donegal, Sligo, Leitrim, Cavan, Monaghan and Louth.
The main objective of the €28m stimulus package is to support businesses across the region to strengthen their resilience and capabilities and drive economic activity.
Enterprise Ireland is responsible for the administration of:
- A €15 million competitive Border Enterprise Development Fund
- A €8.5 million Brexit Transformation Fund
The package also includes the allocation of €3 million to the six Local Enterprise Offices (LEOs) located in the border counties to establish development programmes for ambitious micro and small firms. In addition, Science Foundation Ireland (SFI) will administer €1.5 million to Industry Fellowships targeted at businesses located in Border counties.
The Brexit Transformation Fund
The Brexit Transformation Fund will open for applications on Wednesday, February 5th, 2020 and close on the 8th of April 2020. Companies are encouraged to examine all aspects of their operations to enable transformative changes to their business in response to Brexit.
To find out more about this fund and its application process, please contact your Enterprise Ireland Development Adviser (DA) or alternatively you can contact the Enterprise Ireland Regional Office in Sligo or Dundalk.
The Border Enterprise Development Fund
The €15 million competitive Border Enterprise Development Fund is aimed at fostering collaborative projects that have the potential to drive entrepreneurial and innovative capability in the region.
Applications for this fund will be sought from Wednesday, 5th of February 2020 and close 12 noon 22nd April, 2020.
Information on applying for the Border Enterprise Development Fund available at www.enterprise-ireland.com/BEDF
To learn more about this fund, and the Border Regional Stimulus Package take a look at this available presentation.
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