Pictured at the announcement of funding to the tune of €1.58m to the Boyne Valley Food Innovation District were (from left):Ministers Damien English, Regina Doherty, Heather Humphreys, Gary O’Meara CEO Meath Enterprise, Julie Sinnamon CEO Enterprise Ireland, Minister Helen McEntee, Terence O’Rourke Chairman Enterprise Ireland.
The Boyne Valley Food Innovation District has been awarded over €1.5m to help local food companies to build capacity and value so that they can scale into global markets.
The announcement comes as part of the second round of the €60million Regional Enterprise Development Fund (REDF) announced yesterday by Minister for Business, Enterprise and Innovation Heather Humphreys TD.
Boyne Valley Food Innovation District was one of 21 successful applicants, out of a total of 77 applications, representing all regions of the country which have secured up to €29.5m for their projects in the second call for proposals under the Government’s Project Ireland 2040.
Announcing the successful applicants of the Regional Enterprise Development Fund at a special event in the Meath Enterprise Centre in Navan yesterday, Minister Humphreys said that the Regional Enterprise Development Fund is aimed at accelerating economic recovery in every part of the country by delivering on the potential of local and regional strengths.
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"This funding, provided by the Department of Business, Enterprise and Innovation, through Enterprise Ireland under the National Development Plan is a key action to support the Regional Action Plan for Jobs and the Action Plan for Rural Development” she said.
Gary O’Meara, Managing Director, Boyne Valley Food Innovation District said: The Boyne Valley Food Innovation District has the potential to become a leading food cluster that helps Irish indigenous food companies to build capacity and value so that they can scale into global markets.
“We are delighted that Phase 1 of this exciting project ‘The Boyne Valley Food Hub’ has been funded under REDF and we look forward to working closely with Meath County Council, Enterprise Ireland, Bord Bia and all our other partners to establish the Boyne Valley and the wider region as a world class destination for scaling food companies ”
The CEO of Enterprise Ireland, Julie Sinnamon, said: “Supporting enterprises to build scale and expand reach is a key focus of Enterprise Ireland and the Regional Enterprise Development Fund helps us to further drive growth in key sectors across the country, particularly in the context of Brexit.
"The Boyne Valley Food Innovation District based here in County Meath is one of the companies which has received an offer of funding and I would like to congratulate them on their successful application and look forward to seeing the difference this funding will make on the ground as they set about developing the initiative.”