In Ireland, Enterprise Ireland, the state’s government agency in Ireland responsible for supporting Irish businesses in the manufacturing and internationally traded services sectors, are offering a green transition fund. This Green Transition Fund is part of Ireland’s National Recovery and Resilience Plan and funded by the European Union, the Green Transition Fund will accelerate the decarbonisation of Irish enterprise.
It comprises two separate streams of funding, to support the different aspects of the decarbonisation journey for Irish enterprises. These are:
- Climate Planning Fund for Business – building company capability to develop plans for lower-carbon products, processes, and business models.
- Enterprise Emissions Reduction Investment Fund– supporting capital investment and Research, Development & Innovation in decarbonisation
Green Transition Fund – Climate Planning
The Climate Planning Fund for Business (CPFB) is targeted at companies of different sizes and at different stages of engagement in their decarbonisation journey. It comprises a range of offers to reflect the different levels of engagement and preparedness of companies. The offers being provided under the CPFB will support companies to accelerate their awareness of decarbonisation opportunities, build capability and put in place sustainability plans.
Enterprise Emissions Reduction Investment Fund
Companies are at different stages of awareness, engagement and planning for the investments required to transform the sustainability performance of their business through decarbonisation. The Enterprise Emissions Reduction Investment Fund is targeted at companies of different sizes and stages of engagement in their decarbonisation journey: to put in place energy monitoring systems, thereby establishing the carbon footprint of their enterprise; to make investments in decarbonising their manufacturing processes; and to support Research, Development and Innovation (RD&I) in low carbon products and processes.
Click on the link for more information regarding the Green Transition Fund from Enterprise Ireland.
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