RETS Feasibility Study Fund - Regional Enterprise Transition Scheme 2021
- To download the Reference Document (PDF) please click here
- To download the Feasibility Fund Application Form (MS Word) please click here
- To download the Feasibility Fund Project Cost Workbook (MS Excel) please click here
For the Main Scheme web page please click here
Overview and purpose of the Scheme
Enterprise Ireland’s €9,500,000 Regional Enterprise Transition Scheme (RETS) is administered by the agency on behalf of the Department of Enterprise, Trade and Employment. The scheme is part of Government’s programme of assistance for regional enterprise development and assistance to regions facing socio-economic difficulties and transition as a consequence of the Covid-19 pandemic and other regional challenges associated with the UK’s departure from the EU. Accordingly, the purpose of this funding scheme is to provide financial assistance to not-for-profit projects which can demonstrate an ability to deliver regional impact.
Feasibility Funding: In addition to the main Scheme, separate funding of €500,000 is also being provided for an associated RETS Feasibility Study Fund to support detailed evaluation of early-stage opportunities for new impactful regional enterprise development projects. The RETS Feasibility Study Fund will support these early-stage projects to create a pipeline of well-structured potential future enterprise development projects across the country.
The RETS Feasibility Study funding will support project spend up until 30 June 2022.
Funding for New Projects to conduct a large-scale Feasibility Study
This RETS Feasibility Study funding is targeted at regionally based not-for-profit applicants which meet the eligibility criteria and have plans to deliver new regionally significant and impactful projects. The purpose of such projects shall be to assist regional enterprises to innovate and/or to develop service offerings and to adjust, pivot or reposition businesses to respond to new market realities arising from the impacts of Covid-19, Brexit and other market changes as defined in the scheme objectives, including climate change/sustainability, innovation and digital transition.
Applications for funding under this RETS Feasibility Study Fund can be made through an open call from the launch date of the Scheme. The funding limit per applicant under this Feasibility Study will be from €20,000 up to a maximum €50,000 in grant aid per project, or 50% of eligible expenditure, whichever is the lesser. The closing date for Feasibility Study applications will be 01 October 2021.
Funding awarded under the Feasibility Study does not of itself confirm eligibility for funding or provide any assurance of funding under future competitive schemes administered by Enterprise Ireland.
Eligible Feasibility Funding Applicants
To be eligible for RETS Feasibility Study funding, applicants must be one of the following:
- Not-for-Profit Designated Activity Company (DAC), or a Company Limited by Guarantee (CLG), which are registered with the CRO under the Companies Act 2014 prior to the date of formal submission of their applications.
- Public bodies, such as Local Authorities, Institutes of Technology/Higher Education Institutes.
- Not-for-profit sectoral, regional, county or local entities with a purpose of benefiting the wider needs of the enterprise community and the region/sector as defined in the scheme objectives. Please note where a project is led by a public body, the submitted project must be additional to the public body’s existing work programme.
The projects should have:
- Strong industry linkages with a focus on specific sector/s.
- Strong alignment with Scheme objectives
- Linkages to key regional/sectoral stakeholders including 3rd level/HEI’s
- Defined KPI’s & Metrics, with clear timelines for delivery
- A clearly defined and costed project plan
The closing date for Feasibility Study applications will be 1st October 2021.
Eligible Costs for Feasibility Funding
Funding will be for eligible expenditure incurred, claimed and paid by 30 June 2022.
Costs in the following category are eligible for support:
- Consultancy Support: A maximum grant of €50,000 or 50% of eligible project costs, whichever is the lesser, on expenditure to support the hiring of appropriate external experts required to drive key elements of the work programme. The maximum daily rate is €900 per day, (subject to agreement with Enterprise Ireland).
The funding limit per applicant under this Feasibility Study will be up to a maximum €50,000 in grant aid per project, or 50% of eligible expenditure, whichever is the lesser. Projects must demonstrate a requirement for a minimum grant of €20,000 to be considered eligible for funding.
Balance of funding of 50% may be from the private, community or public sector (including HEIs and Local Authorities). The balance of funding of 50% can be in cash or in-kind (with a cash minimum of 10%).
Feasibility Funding Evaluation criteria
All applications will be evaluated against the following criteria: For more detail please see Section 3.8.1 of the Scheme Reference Document.
|1||Quality of Feasibility Proposal||40%|
|2||Value for Money / Economic Impact||40%|
|3||Need for support||20%|
Feasibility Funding Evaluation Process
Applications for Feasibility Grants will be screened against the stated eligibility criteria in the Scheme Reference Document and successful applications will be approved by the Enterprise Ireland Regions & Entrepreneurship Division.
Feasibility Funding Closing Date for Applications and Application Process
Applications will be on an open call basis, applicants may apply at any point after the scheme launch on 29 July 2021. Application Forms are available from this web page or by emailing RETS@enterprise-ireland.com or from your local Enterprise Ireland Regional Office (see contact details at the end of this page). Early application is strongly encouraged.
Applications forms are available above and must be submitted electronically in Word format, along with the Project Costs Workbook in Excel format, to Enterprise Ireland at GA-RETS@enterprise-ireland.com
If you require advice on completion of these forms please contact your Enterprise Ireland Regional Office or RETS@enterprise-ireland.com
For more information contact the Regional Funds Manager, Brendan.McCormack@enterprise-ireland.com or any of the following Enterprise Ireland Regional Development Executives based on your location:
Aidan McKenna Tel: +353 42 935 4420
Carole Brenan Tel: +353 71 915 9726
Joan Mullen Tel: +353 71 915 9732
Aidan McKenna Tel: +353 42 935 4420
Deirdre Craven Tel: +353 42 935 4426
Eoghan Hanrahan Tel: +353 1 727 2289
Deirdre O'Neill Tel: +353 1 727 2145
Ena Coleman Tel: +353 1 727 2787
Martin Corkery Tel: +353 21 480 0229
Brian Fives Tel: +353 51 333 537
Midlands and Mid-East
Michael Brougham Tel: +353 90 648 7121
James Maloney Tel: +353 90 648 7125
Mark Atterbury Tel: +353 90 648 7128
Martin Corkery Tel: +353 21 480 0229
Ciara Concannon Tel: +353 21 480 0231
Jacqui Norton Tel: +353 21 480 0228
Mid-West & Kerry
Jerry Moloney Tel: +353 61 777 018
Catherine Hogan Tel: +353 61 777 009
Gillian Slattery Tel: +353 91 735 936
Meabh Conaghan Tel: +353 91 735920
Margaret Charleton Tel: +353 91 735 946
Or contact your local Regional Enterprise Ireland office.