independent

Sunday 17 November 2019

New €1 million fund for start-up enterprises

Local start up social enterprises can apply for funding through a new €1 million Small Capital Grants Scheme, announced last week by Minister for Rural and Community Development, Michael Ring TD.

Louth TD Fergus O'Dowd welcomed the announcement, saying: 'The scheme, which is funded by the Dormant Accounts Fund, will provide grants of between €2,000 and €15,000 for equipment, repairs or refurbishments which will enable social enterprises to improve their service delivery and will be administered through the Local Development Companies.'

'The scheme this year will work to support disadvantaged groups such as the long-term unemployed, people with disabilities, travellers to name but a few. The scheme will also work to address societal issues such as food poverty, social housing and environmental matters.'

The scheme hopes to support over 100 social enterprises nationally.

Full details of the Small Capital Grants Scheme for Social Enterprises, including Applications Forms and Guidelines, as well as a list of Local Development Companies and their contact details can be found at https://www.gov.ie/en/publication/9c56eb-small-capital-grants-scheme-for-social-enterprises/

Only social enterprises, as defined in the National Social Enterprise Policy, may apply under this scheme. The deadline for receipt of completed applications is 3pm on Monday, 11th November 2019.'

The Argus

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