21 applicants from all over the country have secured up to €30.5m in funding from the Regional Enterprise Development Fund. 

Over €14m has been approved for projects in the southern region, over €11m for projects in the eastern and midlands region and over €5m has been approved for the northern and western region, subject to grant conditions.

The Regional Enterprise Development Fund is provided by the Department of Business, Enterprise and Innovation, through Enterprise Ireland and aims to support the Regional Action Plan for Jobs and the Action Plan for Rural Development.

"The successful applicants include an exciting range of projects which will develop strong entrepreneurial or innovation ecosystems, encourage clusters of similar businesses, or develop specific sectors where there is the potential for competitive advantage," commented the Minister for Business, Enterprise and Innovation, Heather Humphreys.

Enterprise Ireland's chief executive Julie Sinnamon said that supporting regional enterprise development and working with businesses to achieve their global ambition is a key focus of the agency. 

"The winners were selected through a stringent evaluation process based on criteria which included impacts and value for money, collaboration and participation, viability and sustainability, building regional strengths and significance for innovation," she added.