Home » News » Minister Humphreys announces €2.5 million in funding under LEO competitive fund 2019/2020

Minister Humphreys announces €2.5 million in funding under LEO competitive fund 2019/2020

Published: 4th October 2019

WELL DONE TO OUR 4 MIDLANDS LOCAL ENTERPRISE OFFICES OF LAOIS, LONGFORD, WESTMEATH AND OFFALY IN SECURING FUNDING FOR A NUMBER OF INNOVATIVE PROJECTS WHICH WILL BE A HUGE BOOST TO THE MIDLANDS REGION FOR ECONOMIC DEVELOPMENT, TO FACILITATE ENTERPRISE AND ULTIMATELY CREATE GROWTH IN EMPLOYMENT WITHIN THE REGION

The Fund delivers projects aligned with the Regional Enterprise Plans and the whole-of-Government Strategy, Future Jobs Ireland.

Minister for Business, Enterprise and Innovation Heather Humphreys TD today announced the results of the new €2.5 million Local Enterprise Office (LEO) Competitive Fund. Sixteen projects have received funding.

Applications were open to individual LEOs; collaborative projects between two or more LEOs; and LEOs working with other local groups like Chambers, Community Enterprise Centres, Education or Training bodies, Local Authorities or colleges.

Announcing the successful applicants at a special event in the Council Chamber of Monaghan County Council, Minister Humphreys said:

"The successful applicants demonstrated a real intent to collaborate, not only with neighbouring County LEOs but also with other stakeholders such as ITs, Innovation Centres, Local Authorities and others. So, while sixteen of the LEOs will lead on the projects, the vast majority of the LEOs throughout the country will also be part of these projects through collaboration.”

All projects are aligned with the strategic objectives in the Regional Enterprise Plans and the ambitions in Future Jobs Ireland.

Minister Humphreys launched the 9 Regional Enterprise Plans earlier this year. They were developed from the ground up with regional stakeholders working together to build on the strengths of their shared regions and address any vulnerabilities.

Meanwhile, Future Jobs Ireland is the Government’s strategy to drive Ireland’s development as a resilient, innovative, and globally connected economy, capable of coping with technological and other transformational changes ahead. It is based on five pillars – embracing innovation and technological changes; improving SME productivity; enhancing skills and developing and attracting talent; increasing participation in the labour force; and transitioning to a low carbon economy.

The Minister, in welcoming this particular policy focus, said:

"There is a wonderful array of projects in the winning sixteen and they are spread right across the country. I am particularly pleased to see projects in areas like digital technologies; green and environmental activities; e-commerce; and e-hubs and remote working. This is proof that our LEOs are looking to the future, and tackling the challenges of tomorrow, today.”

The successful applications were selected through a rigorous evaluation process based on criteria, which included economic impacts and value for money, collaboration and participation, Future Jobs orientation, collaboration and building regional strengths and viability and sustainability.

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