NACEC Members meeting in Galway Technology Centre – February 2020

Country’s enterprise centres awarded €8.24m in funding

Grants will range in size from €10,000 to €150,000

Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, TD, has announced a total of €8.24 million in grants to 95 enterprise centres throughout the country under Enterprise Ireland’s Enterprise Centres Fund.

The funding is considered crucial for the future of the enterprise centre sector in Ireland as hubs around the country implement a recovery plan for businesses within their remit over the next six to 12 months.

Mr Varadkar said the funding made available through his Department would help enterprise centres all over the country modernise their facilities, protecting the health and safety of people working there and helping to secure jobs.

The 95 centres will receive grants ranging in size from €10,000 to €150,000.

A major analysis of the sector earlier this year shone a light on the devastating effects Covid-19 has wrought on enterprise centres in every county, with almost 88% of centres reporting a drop in income of between 21% and 80% as many of their entrepreneur tenants struggled to keep their own businesses afloat.

Among its stark findings were that while the vast majority of hubs had seen tenants closing their doors temporarily (83.5%), one-third (33%) of centres said some tenants have shuttered their businesses permanently.

The chairperson of the National Association of Community Enterprise Centres (NACEC), Gary O’Meara, welcomed today’s funding announcement, saying it was the culmination of months of research and collaboration between NACEC, Enterprise Ireland, the Dept of Enterprise and other key stakeholders from across the public and private sector, and which resulted in the publication of the Enterprise Centres/Hubs Covid-19 National Impact + Recovery Plan by NACEC last August.

He added: “Hubs, if managed correctly, have the potential to really drive economic activity and social prosperity throughout our regions and across rural Ireland, and I believe NACEC is now very well placed to help make these new future of work opportunities a reality.”

Mr O’Meara added that as traditional workplace dynamics have been overturned by Covid-19 and new social distancing requirements, enterprise hubs and co-working spaces are in an ideal position to provide a new ‘Hub-Home-HQ’ model as companies and their employees embrace new ways of working.

Julie Sinnamon, Enterprise Ireland CEO, said: “Over the past 20 years, enterprise centres have provided important infrastructure for entrepreneurs and are an essential part of the start-up ecosystem across Ireland.

“The centres, many of which are regionally based, provide space, connectivity, mentoring and support to start-up founders and teams, helping them to scale nationally.”

She added that the funding just announced would ensure that enterprise centres, many of which have been negatively impacted by Covid-19, can sustain their businesses, pivot and further develop their services to support the next wave of start-up companies.

According to the NACEC Strategic Plan 2019-2021 launched last year, its enterprise hub members supported over 5,500 jobs in over 1,800 businesses, with a salary contribution to the economy of €247.5 million per annum.

For-profit approvals:

Number Applicant Name (Correct legal entity name) County Nuts III Region Grant Amount (€)
 1 Landingzone Ltd T/A Dogpatch Labs Dublin City Dublin 150,000
 2 Republic of Work (Cork) Limited Cork South 149,000
 3 CIT Innovation Centre DAC. T/A The Rubicon Cork South 43,045
 4 Haslette Holdings Ltd. T/A ManorHUB Leitrim Northwest 16,304
 5 Thurles Community Enterprise Centre Limited (TCEC) Tipperary Mid-West 97,766
 6 Blackgate Innovation Ltd T/A Vision 85 Portlaoise Midlands 46,800
 7 Vaaw Ltd/Culture Co-Working Cork South 41,200
 8 Charlesford Ltd T/A The Spool Factory** Roscommon West 67,500
 9 Mobile Clipboard Ltd Galway West 10,905
10 The Box CoWork Ltd Kerry Mid-West 46,600
11 HQ Coworking Space Ltd. Kerry Mid-West 91,920
12 Ardee Community Development Company Ltd. Louth Northeast 105,420
13 Ionad Fiontar Pobal Iar Dheisceart Dhun Na Ngall Teoranta Donegal Northwest 10,648
877,108

 

Not-for-profit approvals:

 Number Applicant Name (Correct legal entity name) County EI Region Grant Amount
1 Action Community & Enterprise CLG t/a ACE Enterprise Park Dublin South Dublin      150,000
2 Action Tuam Company Limited by Guarantee Galway West      150,000
3 Allenwood Community Development Association CLG Kildare Mid-East        75,359
4 Arclabs Research & Innovation Centre Waterford Institute of Technology Waterford Southeast      119,830
5 Arklow Business Enterprise Centre Ltd. Wicklow Mid-East        99,820
6 Athlone Community Development Association CLG Westmeath Midlands        82,600
7 Ballinasloe Area Community Development CLG Ballinasloe Enterprise Centre Galway West        50,176
8 Ballyhoura Food Centre (Hospital) DAC Limerick Mid-West        28,480
9 Ballyhoura Food Centre (Mitchelstown) DAC Cork South        28,400
10 BASE Enterprise CLG Dublin Fingal Dublin        81,920
11 Bia Innovator Campus CLG Galway West        54,000
12 Broadford Community Enterprise Centre CLG Limerick Mid-West        40,000
13 Brookpark Enterprise Centre CLG Cork South        38,560
14 Carlow Community Enterprise Centres CLG Carlow Southeast        96,478
15 Castleblayney Community Enterprise CLG Monaghan North-East/ North-West        45,760
16 Cavan County Enterprise Fund ** Cavan Northeast        83,200
17 Cavan Digital Hub DAC Cavan Northeast        56,128
18 Cavan Innovation & Technology Centre Ltd Cavan Northeast        99,040
19 Churchfield Community Trust Cork South        37,502
20 COLAB Letterkenny Institute of Technology Donegal Northwest      150,000
21 Cork Urban Enterprises CLG T/A Northside for Business Campus Cork South      103,400
22 County Kildare Chamber of Commerce CLG Kildare Mid-East        17,416
23 Creative Spark CLG Louth Northeast      108,000
24 Croom Community Enterprise Centre DAC Limerick Mid-West        44,171
25 Digital Hq CLG t/a Dún Laoghaire Enterprise Centre Dublin Dun Laoghaire Rathdown Dublin        28,483
26 Donegal County Enterprise Fund ** Donegal Northwest        90,648
27 Drogheda Enterprise Centre CLG Louth Northeast      140,600
28 Drumshanbo Enterprise Centre Company CLG Leitrim Northwest        81,384
29 Drumshanbo Community Council CLG Leitrim Northwest        96,240
30 Dublin Business Innovation Centre t/a Space@Dublin BIC Dublin City Dublin        34,353
31 Dublin Enterprise & Technology Centre T/A Guinness Enterprise Centre Dublin City Dublin      147,000
32 Dundalk Institute of Technology t/a Regional Development Centre Louth Northeast      146,170
33 Dungarvan Enterprise Centre CLG Waterford Southeast        64,369
34 Enterprise & Research Incubation Centre (ERIC) Carlow Southeast        32,000
35 Enterprise Castlerea Company Limited by Guarantee – T/A The Hub / An Chistin Food Hub Roscommon West        52,500
36 Ferbane Business & Technology Park CLG Offaly Midlands        40,000
37 Fumbally Exchange CLG Dublin City Dublin      148,600
38 Galway City Innovation District CLG Galway West      149,978
39 Galway Mayo Institute of Technology – GMIT Innovation Hubs- Galway (iHub Galway) Galway West      101,442
40 Galway Technology Centre DAC Galway West      149,400
41 Galway-Mayo Institute of Technology Innovation Hub Mayo Mayo West        75,828
42 Innovate Dublin Communities CLG Dublin Fingal Dublin      145,024
43 Institute of Technology Sligo T/A Innovation Centre at IT Sligo Sligo North-East/ North-West      146,220
44 IRD North Mayo – West Sligo (t/a Moy Valley Resources) Mayo West        10,200
45 Kells Community Enterprise Company CLG Meath Mid-East      148,720
46 Kerry Innovation Centre CLG t/a Tom Crean Business Centre Kerry Mid-West        95,067
47 Kilkenny Community Enterprise Centre CLG t/a The Abbey Business Centre Kilkenny Southeast        86,880
48 Killarney Technology Innovation Limited Kerry Mid-West        75,600
49 Leitrim County Enterprise Fund T/A The Hive ** Leitrim North-East/ North-West      139,637
50 Limerick Institute of Technology Questum Acceleration Centre Tipperary Mid-West      112,322
51 LIT Hartnett Enterprise Acceleration Centre (HEAC) limerick Mid-West        87,525
52 Ludgate Operations CLG Cork South      117,152
53 Meath Enterprise Centre Company CLG Meath Mid-East      145,664
54 Midlands Innovation and Research Centre Westmeath Midlands        56,327
55 Mitchelstown Community Forum CLG Tipperary Mid-West        84,400
56 Mol Teic Kerry Mid-West        65,680
57 Monaghan County Enterprise Fund ** Monaghan Northeast        81,600
58 National University of Ireland Galway Business Innovation Centre (BIC) – Innovation Office Galway West        98,000
59 Nexus Innovation Centre UL Limerick Mid-West      145,394
60 Nutgrove Community Enterprise Centre CLG Dublin Dun Laoghaire Rathdown Dublin        39,896
61 Offaly Innovation and Design Centre CLG Offaly Midlands        69,760
62 Partas CLG Dublin South Dublin        64,000
63 Portarlington Enterprise Centre CLG Laois Midlands        67,840
64 Portlaoise Enterprise Centre Laois Midlands        88,000
65 RDI Hub Company Limited by Guarantee Kerry Mid-West      104,794
66 S.C.C.U.L Enterprises CLG Galway West      150,000
67 Sneem Innovation & Technology Services CLG Kerry Mid-West        77,808
68 Social and Local Enterprise Alliance DAC Dublin South Dublin      136,000
69 St Paul’s Area Development Enterprise Ltd t/a SPADE Enterprise Centre Dublin City Dublin      119,200
70 Sustainable Ireland Cooperative Society Ltd & North Tipperary Green Enterprise Park CLG Tipperary Mid-West        71,760
71 Tangent Dublin City Dublin      100,200
72 The Community Enterprise Society CLG t/a Terenure Enterprise Centre Dublin South Dublin        54,660
73 The Media Cube Dublin Dun Laoghaire Rathdown Dublin      120,000
74 The Model County Enterprise Group CLG – Centre Enniscorthy Wexford Southeast        98,400
75 The Model County Enterprise Group CLG – Centre The Hatch Wexford Southeast        52,800
76 TU Dublin Tallaght Campus t/a Synergy Centre Dublin South Dublin        89,390
77 Tubbercurry Development CLG T/A An Chroí South Sligo Enterprise Centre Sligo North        67,600
78 UCD Nova Designated Activity Company Dublin Dun Laoghaire Rathdown Dublin      132,043
79 University College Cork Cork South      105,480
80 Waterford City Community Enterprise Centre CLG: Trading as: Waterford City Enterprise Centre Waterford Southeast        80,503
81 Westport Multi Agency Enterprise CLG TA Leeson Enterprise Centre Mayo West        74,600
82 Wexford Community Development Association Society Limited Trading as Wexford Enterprise Centre Wexford Southeast     144,395
  7,369,776