A total of €510,000 in grant funding will be announced by Minister for Enterprise Leo Varadkar later today, benefitting four enterprise centres in county Louth
As part of Enterprise Ireland’s Enterprise Centres Fund, the Regional Development Centre at DkIT will receive €146,170 while the nearby Creative Spark will get €108,000.
In mid Louth, the Ardee Business Park, run by the Ardee Community Development Company is set to receive a €105,420 cash boost and The Mill Enterprise Hub is in line for a €140,600 in grant funding. The money is being provided for building works, IT equipment and measures relating to Covid-19.
The news has been warmly welcomed by Fianna Fáil Senator for Louth Erin McGreehan who said such centres have been “hugely influential” in driving economic growth in the north east.
“Enterprise centres are a vital resource for business across the country. They provide space and training for entrepreneurs, and help accelerate the growth of new enterprises in their communities,” she said.
“The centres that we have in Louth have been hugely influential in driving economic growth in our local communities. For example, the Regional Development Centre at DkIT has supported over a thousand entrepreneurs and helped incubate over 200 companies
“The funding announced today by Tánaiste Leo Varadkar and Enterprise Ireland is very welcome and it will ensure that our enterprise centres can continue to offer services to local businesses during what is a very challenging and difficult time.”
The north Louth Senator added: “I hope that on the back of this funding, we can begin to see recovery plans put in place for the businesses in each centre’s remit over the next six to twelve months.”