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The Climate Action Fund – A New Grant Available

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Save the Planet – It’s the only one with Chocolate

Whilst Irish business can often be a stressful place to be in the current environment, there has been a lot of movement in the right direction during Ireland’s economic recovery and we have spoken in the past about new layers of support being put in place for SMEs (Small and Medium Enterprises) which remain the backbone of Irish business. From new funding opportunities to new investment opportunities Ireland is fast becoming the ideal place to do business, with some suggesting that Brexit may in fact be beneficial to Ireland’s business standings worldwide. We have spoken in the past about a number of available grants and today we will discuss one which we feel may be of particular benefit to our clients.

In our modern age it has become increasingly apparent that each individual must make strides to make our planet a more sustainable place to live. Often there is very little incentive to engage in such a costly process with the return of investment being a very long term process. Now however, for the first time not merely exclusive to SMEs there is a grant available that will help you make your business more eco-friendly without leaving a massive hole in your pocket.

The Climate Action Fund is part of the National Development plan which promises to change Ireland for the better by 2027, and will offer support to those businesses which assist the country in reaching its climate and energy targets. The purpose of the grants given will be to fund projects which would otherwise not be possible to complete. The fund will have an allocation of at least €500million leading up to 2027. The first call for applications to this fund will deal with larger scale projects scheduled for development in 2019-2020, which seek support in excess of €1million. Should you feel that your company may benefit from this, there is a rather small window of opportunity as the applications will be open from September 17th until October 1st so it would be imperative that you gather all required information and begin the process of collating this and having a project plan in place in advance of the application call opening.

The funding will be available to a wide range of projects which serve the greater interest of Ireland’s eco-awareness including:

  • Renewable Energy Projects.
  • Heating Projects.
  • Electrical Vehicle Charging Projects.
  • Environmental Protection Projects.
  • Energy Efficiency Projects.

This is of course only the first call for applications, there will be more over the course of the project and undoubtedly these will apply to a wide range of businesses and serve varied functions so if this first call does not apply to your company, we would advise keeping a close eye on the scheme for the next series of calls for applications.

Should you have any queries or require further information on this or any other business or financial matter please don’t hesitate to contact us here at EcovisDCA’s new head office, where as always we will be delighted to help.

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~ DCA PARTNERS, DECLAN DOLAN & EAMONN GARVEY