Competitive Regional Enterprise Development Fund


Enterprise Ireland’s €60 Competitive Regional Enterprise Development Fund was launched by Minister Mary Mitchell O’Connor this morning.

To complement the Regional Action Plan for Jobs, this €60m Fund is open for applications from today, to support major new collaborative and innovative initiatives that can make a significant impact on enterprise development in/across regions. It aims to drive enterprise development and job creation in each region throughout Ireland.

A link to the Minister’s press statement can be found here.

Regional Enterprise Development Fund 2017-2020
Details of the fund and competitive process are available on Enterprise Ireland’s website at http://www.enterprise-ireland.com/REDF

  • Closing date for applications for Competitive Feasibility Funding is 3pm, Friday, 9th June 2017.
  • The closing date for the first call for Stream 1,2,3 and 4 is 3pm Friday 18th August 2017.
  • The call open date for the second call for Streams 1,2,3 and 4 is Monday 8th January 2018.
  • The call close for the second call for Streams 1,2,3 and 4 is 3pm on Friday 2nd March 2018.

A noted feature of this call is the feasibility grant of up to €22,500 or 50% of eligible costs (whichever is the lesser) which is available to help promoters develop projects for progression and consideration. The feasibility costs cover consultancy cost only, and funding will be allocated through a competitive process, based on eligibility, quality of the proposal, potential forecasted economic impact, value for money, and need for support. Applicants for the feasibility grant may be a different entity to the final applicant company submitting projects for Streams One to Four.
Please note that the closing date for the feasibility grant is towards the end of next week, 3pm, Friday, 9th June.

The Applicant will be not for profit entities that have already, or propose to, set up a distinct legal entity (DAC/CLG) that comprise national/regional, county and local stakeholders, with a purpose of benefiting the wider needs of the community and region/nation as defined in the four funding streams outlined.

Applicants can be promoted by private or public organisations, which for example might include:

  • Higher Education Institutes
  • Semi State Commercial bodies
  • Local Enterprise Development Groups
  • Local Authorities

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