15/05/2015

€10m Initiative Launches To Support Start-Up Businesses

A new €10 million initiative to support more start-up businesses in Ireland has been launched by the Government.

As part of the Government's Regional Action Plan for Jobs, the 31 Local Enterprise Offices and other public, private and community organisations that support the job-creation are being invited to bid for funding to create new collaborative projects that will unleash the jobs potential in their locality.

The initiative comprises two funds, which go live today, with a closing date

of 10 July 2015.

The funds include:

• A €5m LEO fund, covering the period 2015-2017, open to groups of Local Enterprise Offices who come together to bid for funding for projects to support job-creation initiatives in their areas. The funding will be awarded on a competitive basis to the projects with the greatest capacity to create jobs.

• A €5m Community Enterprise Initiatives fund, open to groups and organisations in every county of the country who come together with ideas for projects to create jobs. The fund will be awarded on a competitive basis to the projects with the greatest capacity to create jobs.

The new initiative forms part of the Government's €250m Regional

Action Plan for Jobs, and will provide funding for organisations and groups

in every county of the country. Action Plans are currently being developed

for all eight regions of the country, coordinated by the Department of Jobs,

Enterprise and Innovation.

(CD/JP)

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