New €250k fund to support Agri-Business sector in Ireland – Minister Bruton

Minister launches Enterprise Ireland Competitive Feasibility Fund for Agri-Business at National Ploughing Championships

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today (Tuesday) launched the new Enterprise Ireland €250,000 Competitive Feasibility Fund aimed at stimulating new start-ups in the agri-business sector. This fund, which can provide up to €25,000 per project, is now open for applications, and will remain open until Tuesday, 21st October 2014.

Today’s announcement marks the delivery of a key measure under the Government’s Action Plan for Jobs, and is aimed at meeting the needs of the agri-business industry and supporting the growth of modern and dynamic start up agri-business companies in Ireland.

The Competitive Feasibility Fund will support new start up companies or individual entrepreneurs to investigate the viability of a new significant growth oriented business or proposition in the agri-business sector.  The funding will enable the promoters to reach firm conclusions regarding the project's viability and strategies for developing and commercialising the innovative product or service on international markets.

The fund is open to applications from individuals, early stage companies or prospective businesses operating in the agri-business sector including; machine design & manufacturing; fabrication, engineering & technical activities; life sciences products with application in the agri-sector; farm related software and related services; vet-pharma, animal health & chemical products. 

Making the announcement at the National Ploughing Championships today, Minister Bruton said: “A key part of the Government’s Action Plan for Jobs is targeting specific sectors where we have established strengths, and supporting growth and expansion in those areas in order to create jobs. Food is clearly one such sector, and in the three years since we launched our plan we have seen major jobs growth in this area. The aim now is to sustain and build on this growth, by encouraging and supporting more people to start and expand businesses in this area.

“Today’s announcement of a new €250,000 Enterprise Ireland Competitive Feasibility Fund for the Agri-Business sector is a part of this plan, and will help provide support to innovative companies seeking to grow and create jobs in the sector”.

Tom Hayes, Enterprise Ireland’s Head of Micro Enterprise and Small Business, added: “I urge all those in the Agri-Business Sector to utilise this unique sector-specific offering to explore the feasibility of any new business growth opportunities open to them”.

Full details of the Fund including the Application Form are available on the Enterprise Ireland web site: www.enterprise-ireland.com/AgriFund


The closing date for applications is Tuesday 21 October 2014.

ENDS

For further information please contact:

Alan Hobbs, Enterprise Ireland Head of Communications. Mob: 086 8699703

DJEI Press Office: Tel: 01 631 2200, press.office@djei.ie