Shared Island launches €26m sustainability fund
A €26 million fund aimed at decarbonising industrial manufacturing across Ireland and Northern Ireland has been announced. This initiative promotes innovative projects that enhance sustainability and competitiveness on the island, supported by cross-border cooperation.
Source:
Enterprise Ireland Business News
•
⏱️ 2 min read
The Taoiseach Micheál Martin, alongside Ministers Peter Burke and Caoimhe Archibald, has unveiled a €26 million Shared Island Sustainability Challenge Fund designed to drive decarbonisation in industrial manufacturing sectors across Ireland and Northern Ireland. This fund, part of the Shared Island Enterprise scheme, is a collaborative effort between Enterprise Ireland, Invest Northern Ireland, and InterTradeIreland, aiming to support pioneering sustainability projects in areas such as flexible electrification, hard-to-abate climate technologies, water efficiency, and circular economy practices.
Co-funded by the Government of Ireland’s Shared Island Fund, the €26 million allocation is split equally between the two jurisdictions, with Invest Northern Ireland and Enterprise Ireland each contributing €3 million within their respective regions. Building on the success of the previous €20 million Shared Island Sustainability Capital Grant awards, which leveraged €63.5 million in private investment for decarbonisation, this new fund seeks to accelerate innovation and competitiveness in the manufacturing sector.
Key officials emphasised the fund’s role in advancing cross-border collaboration and economic growth. Taoiseach Martin highlighted the ambition to position the island as a leader in sustainable industrial processes, while Ministers Burke and Archibald underscored the fund’s potential to future-proof manufacturing and boost productivity. Executives from Invest NI, Enterprise Ireland, and InterTradeIreland reiterated their commitment to fostering innovative, first-of-their-kind projects that will reduce emissions and reinforce the island’s low-carbon economy. Eligible businesses can find further details and application guidance on the Invest Northern Ireland and Enterprise Ireland websites.
Co-funded by the Government of Ireland’s Shared Island Fund, the €26 million allocation is split equally between the two jurisdictions, with Invest Northern Ireland and Enterprise Ireland each contributing €3 million within their respective regions. Building on the success of the previous €20 million Shared Island Sustainability Capital Grant awards, which leveraged €63.5 million in private investment for decarbonisation, this new fund seeks to accelerate innovation and competitiveness in the manufacturing sector.
Key officials emphasised the fund’s role in advancing cross-border collaboration and economic growth. Taoiseach Martin highlighted the ambition to position the island as a leader in sustainable industrial processes, while Ministers Burke and Archibald underscored the fund’s potential to future-proof manufacturing and boost productivity. Executives from Invest NI, Enterprise Ireland, and InterTradeIreland reiterated their commitment to fostering innovative, first-of-their-kind projects that will reduce emissions and reinforce the island’s low-carbon economy. Eligible businesses can find further details and application guidance on the Invest Northern Ireland and Enterprise Ireland websites.
0 views