byย Kathy Mastersonย
A NEW Government funding scheme “will improve and grow our social enterprises in Limerick”, according to Fine Gael TD Kieran OโDonnell.
Deputy OโDonnell welcomed the announcement this week of the launch of theย Scaling-up Scheme, designed to support social enterprises nationwide, and improve impact and sustainability.
He said: โSocial enterprises in Limerick play a key role in communities and we have seen this throughout the recent Pandemic. This innovative โฌ1.5 million scheme is a great opportunity for enterprises in Limerick to have a real impact.
โThe scheme comprises of two streams, one for medium-scale capital works and the second for feasibility studies being administered on behalf of the Department of Rural and Community Development by Pobal.
โThe drive is to encourage social enterprises which help revitalise towns and villages by addressing economic, social and educational disadvantage. This supports Fine Gaelโs ambition and campaign to build stronger, safer communities in Limerick.
Applications opened at 10am onย August 2, and close at 3pm onย September 15. Further application details can be found on www.pobal.ie
“This funding promotes innovation within the Irish enterprise ecosystem and will encourage a greater contribution to local economies and entrepreneurial activity, productivity and innovative capabilityโ,ย Deputy OโDonnell concluded.
Minister for Social Protection Heather Humphreys added: โThis Scaling-up Scheme for Social Enterprise will provide some much-needed capital support to social enterprises nationwide that will enable them to grow their operations and strengthen their impact on the communities they serve.
โThis scheme will be delivered in two separate streams. The first will provide funding for medium-scale capital grants to improve the impact, quality, productivity, and sustainability of social enterprise operations through the acquisition of equipment, technology, or site and building works.
โThe second will provide grants for feasibility studies for social enterprises to research their potential to expand, or scale their goods/services offering, with a view to further increase the direct impact of their social enterprise on disadvantaged populations.
โIt is envisaged that up to 30 social enterprises will benefit from this funding, which will undoubtedly have a huge impact on themselves, the communities they operate in, and on their customers and service usersโ, concluded Deputy Humphreys.
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