Michael Ring, T.D., Minister for Rural and Community Development, today (18th July 2018) announced a call for applications from social enterprises for funding under the Social Enterprise measure which has €2m in funding available through the support of the Dormant Accounts Fund.
“I welcome the announcement of funding being made available for social enterprises under Measure 1 of the Dormant Accounts Fund which will be administered by Pobal. We encourage social enterprises throughout the country who are interested in applying, to register for our pre-application event taking place later this month.” Denis Leamy, CEO, Pobal
The aim of the Social Enterprise measure, which is overseen by the Department of Rural and Community Development and administered by Pobal, is to increase the impact of social enterprises by enhancing their capacity to delivery services and generate traded income through the provision of small capital grants.
Social enterprises operate in a similar fashion to businesses, selling goods or services to individuals, private businesses and the public sector. However, social enterprises are set up to deliver or contribute towards a social, community or environmental goal and any surpluses which emerge from the activities of a social enterprise are reinvested back into its goal.
Making the announcement today, Minister Ring said, “I am delighted to announce funding of €2m to assist social enterprises in the valuable work that they carry our across the country. Social enterprises drive job creation, deliver essential services, bring social benefits and breathe life into communities. Most importantly, they carry out this work in communities and areas which are most in need, including rural areas which would otherwise struggle to attract mainstream providers in certain sectors. This Government wants to support this work and I would urge social enterprises to prepare and submit applications for funding under this measure, particularly those which have not benefitted from this measure previously.”
Pobal CEO Denis Leamy said, “I welcome the announcement of funding being made available for social enterprises under Measure 1 of the Dormant Accounts Fund which will be administered by Pobal. We encourage social enterprises throughout the country who are interested in applying, to register for our pre-application event taking place later this month.”
Details about the Social Enterprise measure, the online application process, and how to register to attend a pre-application support meeting in Tullamore on Tuesday 31st July are now available here
The closing date for receipt of applications is 3pm on Friday 31st August 2018.
Please note that the deadline for completion and submission of application forms under the Dormant Accounts Fund to Pobal has now been extended to 3pm on Wednesday 5th September 2018.
Further information is available on our Dormant Accounts Fund programme page.