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Friday, 20th November 2020

€500,000 awarded to local enterprise hubs

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The Mill Enterprise Centre will receive grant aid of €140,000.

€140k for the Mill Enterprise Hub

Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD has today announced €8.24m in grants for 95 Enterprise Centres around the country under Enterprise Ireland’s Enterprise Centres Fund.

Among the local organisations to benefit from this round of funding are: The Mill, Drogheda Enterprise Centre (€140,600), Ardee Community Development Company Ltd. (€105,420), and Creative Spark Louth (€108,000), Dundalk Institute of Technology t /a Regional Development Centre - (€146,170) and Meath Enterprise Centre (€145,664).

The Fund, which was launched in August, was open to both not-for-profit and for-profit enterprise centres which have seen their income significantly impacted as a result of the Covid-19 pandemic.

Enterprise Centres provide space and training for entrepreneurs, allowing them to work remotely, access training and advice, and network with other business leaders.

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This funding will be crucial as the centres continue to offer services to local businesses during what is an exceptionally difficult time. It will help the Centres implement a recovery plan for businesses within their remit over the next six to twelve months.  

Tánaiste Leo Varadkar said: “I am really pleased to make this funding available through by Department. It will help enterprise centres all over the country to modernise their facilities protecting the health and safety of people who work there and helping to secure much needed jobs.” 

Julie Sinnamon, CEO, Enterprise Ireland added: “Over the past 20 years, Enterprise Centres have provided important infrastructure for entrepreneurs and are an essential part of the start-up ecosystem across Ireland. The Centres, many of which are regionally based, provide space, connectivity, mentoring and support to start-up founders and teams, helping them to scale internationally.

“The funding announced today through Enterprise Ireland will ensure that the Enterprise Centres, many of whom have been negatively impacted by Covid-19, can sustain their businesses, pivot and further develop their services to support the next wave of Irish start-up companies.”

Deputy Fergus O'Dowd said: “This funding will be essential considering the devastating effects Covid 19 has had on business and in particular on start-ups that were in the early stages of progression. 

“We already know the important role our enterprise centres provide locally, but this funding will give them a massive boost going into the new year. 

“Centres such as the Mill provide great support and business knowledge to fledgling companies and provide a professional and comfortable setting for business leaders and entrepreneurs. 

“Enterprise centres and hubs are embedded in our local communities and provide long term employment opportunities and encouragement for businesses to locate in close proximity. 

“This fund will assist in implementing a recovery plan for businesses within their remit over the next six to twelve months.   

“I want to congratulate Breanndan and the team in the Mill.”

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