Minister Troy announces funding of €548,250 for 18 successful Regional Enterprise projects
26 November 2021
Minister of State with the Department of Enterprise, Trade and Employment, Robert Troy TD announced the successful applicants under the Government’s Regional Enterprise Transition Scheme (RETS) Feasibility Funding. The funding, totalling €548,250, will see 18 feasibility studies carried out in the coming months across a range of projects throughout the country.
Delivered for the Government through Enterprise Ireland, the Feasibility Funding was launched in July as part of the €10 million Regional Enterprise Transition Scheme (RETS). The purpose of the funding is to support detailed evaluation of early-stage opportunities for new impactful regional enterprise development projects and the grants approved range from €20,000 to €50,000 per project.
Early last month, Minister Troy announced further funding of €9.3 million for 24 projects under the RETS to assist regional projects affected by the COVID-19 pandemic and by other regional challenges following the UK’s departure from the EU.
Minister of State for Trade Promotion, Digital and Company Regulation, Robert Troy TD said: “I want to congratulate the successful applicants from across the regions that have been approved funding under the Regional Enterprise Transition Scheme Feasibility Funding. This funding will support early-stage project development and aims to create a pipeline of future enterprise development projects across all regions originating in particular from the nine Regional Enterprise Plans.
“The feasibility funding, along with the €9.3 million in funding I recently announced under the Regional Enterprise Transition Scheme which provided grant support for 24 enterprise development projects in the regions, will create a pipeline of projects for future regional funding calls and support the Government’s ambition to strengthen the enterprise development capabilities of our regions.”