A total of €64,999,270 of PEACEPLUS funding has been awarded to collaborative innovation projects that will boost productivity and competitiveness in Northern Ireland and the border counties of Ireland.
The funding is delivered through the Innovation Challenge Fund, part of Theme 2: ‘Delivering Socio-Economic Regeneration and Transformation’ of the PEACEPLUS Programme.
In total, the Innovation Challenge Fund will support 96 enterprises, resulting in 82 SMEs introducing product or process innovation. 36 research organisations will participate in the joint projects, comprising stakeholders who wish to collaborate on high level innovation projects which deliver local and national benefits. The funding has been awarded across eight collaborative projects:
PEACEPLUS is managed by the Special EU Programmes Body (SEUPB) and represents a funding partnership between the European Union, the Government of the United Kingdom of Great Britain and Northern Ireland, the Government of Ireland and the Northern Ireland Executive.
Economy Minister Dr Caoimhe Archibald MLA said: “I welcome this investment in commercially driven research, development and innovation across key growth sectors. These projects will strengthen collaboration among SMEs and research organisations across the island, driving skills development and expanding expertise in emerging fields such as photonics, digital manufacturing, agri-feeding solutions, medical technologies and AI. This investment will support SMEs in developing innovative new products and processes, fostering lasting economic, environmental and social benefits.”
Minister for Enterprise, Tourism and Employment Peter Burke TD said: “I am delighted eight projects have been approved for funding under the Innovation Challenge Fund strand of the PEACEPLUS Programme, with a total combined €65m allocation. PEACEPLUS funding provides a mechanism to promote sustained economic growth, strengthening the landscape for peace. These eight projects to be funded will bring huge benefits to Northern Ireland and the Irish border counties and beyond. I wish all the projects and participants every success and I look forward to hearing about their progress in the months and years ahead.”
SEUPB Chief Executive Gina McIntyre said: “Economic development in any post-conflict region is essential for underpinning peace, by creating prosperity. The provision of support for SMEs, research and innovation in specific areas identified is a key focus within the PEACEPLUS Programme. “By investing in collaborative innovation through these eight projects, we will see the development of strong and entrepreneurial, innovation-led ecosystems that drive sustainable growth, increased productivity and competitive advantage.“We very much look forward to supporting the research organisations, enterprises and SMEs involved in the coming years to realise a wide range of economic benefits for Northern Ireland, the border counties of Ireland and beyond.”
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