The European Commission has adopted the 2014 – 2020 Operational Programmes for the Southern and Eastern region [encompassing Clare] worth €498.2 million.
The European Regional Development Fund (ERDF) is providing €249.1 million of the total.
The Border, Midlands and West can expect €320.2m, – with €160.1m coming from the ERDF.
The investments will benefit small and medium-sized enterprises (SMEs) in particular, spearheading entrepreneurship initiatives to boost the growth potential and competitiveness of Ireland’s small business.
The programmes aim to complement wider investment programmes in targeted high growth and innovative sectors to support the creation of new quality jobs and boost innovation as well as helping to grow the local economies in these Irish regions. The programmes focus on specific growth opportunities and targeted growth in innovative sectors identified in Ireland’s smart specialisation strategy, building on the regions’ strengths.