Minister for Jobs, Enterprise and Innovation, Richard Bruton has announced the establishment of Enterprise Ireland’s €200,000 Pilot Competitive Feasibility Fund aimed at stimulating start-ups and creating jobs in the South East.
Previously signalled as part of the South East Employment Action Plan, published by the Minister last month, the Fund will provide awards of up to €25,000 to start-up companies in the region based on their jon-creating potential.
Companies in the ICT, industrial and food sectors based in Waterford, Wexford, Carlow, Kilkenny and South Tipperary will be eligible to apply.
Making the announcement, Minister Bruton said: "The South East is a region which has persistently had higher rates of unemployment than the rest of the country, and has fared disproportionately badly during the current economic difficulties. That is why I have started a process to examine the causes of this problem, and to target government interventions at the region to address it.
"In the South East just as across the rest of the country, job creation will depend above all on our ability to create a new indigenous engine of growth. This Fund is directed at helping the indigenous businesses which will create the jobs we so badly need in the South East, and I urge businesses with strong job-creation potential to come forward and compete for the funds available."
The closing date for applications is 30 January 2012.
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