€250,000 fund for start-up agri-business – DEERING

24th September, 2014

 

Carlow Fine Gael TD, and Vice Chair of the Oireachtas Committee on Agriculture, Food and the Marine, Pat Deering TD, has welcomed the new Enterprise Ireland €250,000 Competitive Feasibility Fund launched this week by the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD at the National Ploughing Championships.

“The new Competitive Feasibility Fund is aimed at stimulating start-ups in the agri-business sector. As a farmer myself, I can testify to the value of new technology and ideas in assisting farmers. Farming is evolving and changing every day, and like every business, there is always a demand for something new that can positively impact on productivity resulting in greater efficiencies.

“The fund is open to applications from individuals and companies and could potentially assist machine manufacturers, engineers, farm-related software developers, those involved in agri-food and many others.

“The fund can provide up to €25,000 per project and it is intended that the money will be used to investigate the viability of an idea. The funding will allow those involved to fully assess where the business could go and develop strategies.

“Job creation and supporting work initiatives has been a central goal of this Government since coming into office in 2011 and this Competitive Feasibility Fund is another key measure of the Action Plan for Jobs which has created over 72,000 jobs since 2012.

“I would encourage all those involved in agri-business or trying to get a business idea off the ground to apply for funding. You can contact Enterprise Ireland on 090 6487100 for more information, but the closing date for applications is Tuesday 21st October 2014.”