Advertisement For Floor StyleAdvertisement For Arc CinemaAdvertisement For Gerry's Fresh FoodsAdvertisement For Drogheda Credit UnionAdvertisement For O'Reilly GlassAdvertisement For Smiths Of Drogheda
Advertisement For FAIR GREEN CASINO
Thursday, 9th January 2020

Breathnach welcomes €28m Brexit package for border businesses

Front Page

Deputy Declan Breathnach.

The Fianna Fáil Spokesperson on cross border co-operation, Louth TD Declan Breathnach, has welcomed the announcement of a €28 million economic stimulus package for the Border region. In the Dáil last month, Deputy Breathnach called on Minister Heather Humphries to provide further supports to businesses in border counties. 

The package applies to counties Louth, Donegal, Sligo, Leitrim, Cavan, and Monaghan and is designed to drive economic activity in the region and ensure that businesses have additional support in mitigating the impact of Brexit. 

The package includes: 

  • €3 million for the six Local Enterprise Offices (LEOs) in the border counties for capability development programmes for micro and small firms with ambition;
  • An €8.5 million Brexit Transformation Fund to enable firms to transform their businesses and diversify markets;
  • €1.5 million for Industry Fellowships targeted at businesses located in Border counties, administered by Science Foundation Ireland (SFI); and
  • A €15 million competitive Border Enterprise Development Fund administered by Enterprise Ireland (EI). 

To help stakeholders investigate the viability of potential projects and prepare final submissions for consideration for the €15m Border Enterprise Development Fund, Competitive Feasibility Funding is also available. This will be a grant of €15,000 or 50% of eligible costs, whichever is lesser, available to eligible applicants. 

Advertisement For Drogheda Credit Union Current Account

The Minister also announced that as part of the next phase of the IDA's Regional Property Programme, three new Advanced Technology Buildings will be built in Dundalk, Monaghan and Sligo in 2020. (Drogheda already has the Mill Enterprise Hub). 

Commenting further, Breathnach said “We seem to have avoided a no-deal Brexit for now but that does not mean Brexit will not severely impact businesses in Louth and other border counties.

"In December I asked the Minister to provide support for businesses especially ones that may not necessarily use the services of Local Enterprise Offices (LEOs), Enterprise Ireland or IDA Ireland. I am glad the Minister has announced this new package and I encourage businesses in Louth to avail of the support.”

 

Advertisement For LEO Vouchers
Advertisement For LEO Vouchers 2
Advertisement For LEO Vouchers 3

Get today's local news straight to your mobile. Download the Drogheda Life App now!

Get it on Google Play

Please support Drogheda Life 

Drogheda Life has brought you the local news every day since February 2012 highlighting the achievements of local community organisations and businesses.

This is a labour of love but to improve and widen the scope of our service, we are now appealing to readers for their support.

If you appreciate what we are doing perhaps you would consider making a financial contribution?

You can make a regular payment or opt for a one off donation. As a subscriber you will receive a twice weekly news bulletin sent straight to your inbox meaning you will never miss another report from Drogheda Life.

Thank you!

Please support Drogheda Life by taking out a subscription

We are reaching out to Drogheda Life’s readers to seek their financial support so that we can continue delivering the local news every day and providing a platform for discussion of local topics.

Donate Now
Advertisement For Floor Style
Advertisement For Arc Cinema
Advertisement For Gerry's Fresh Foods