Funding to help businesses move away from fossil fuel
A new €55m ‘Green Transition’ fund helps businesses move away from fossil fuels and
towards more sustainable, cheaper alternatives.
A €1,800 grant is available to develop a plan and up to €50,000 matched funding is
available for executing this plan.
The Capital investment for decarbonisation processes is funded under the Enterprise Emissions Reduction Investment Fund, the objective of which is to support companies to decarbonise their manufacturing combustion processes (i.e. heating from manufacturing processes) through investment in carbon abating capital equipment and technologies.
The fund aims to:
Reduce the payback period of key carbon reducing technologies at plant level by incentivising companies to invest in, and adopt these technologies
Increase the resilience of companies to climate change and support them to accelerate progress towards a net zero carbon pathway
The fund is operating under the Green Transition Fund, the overall objective of which is to accelerate the decarbonisation of Irish enterprise, as part of Ireland’s National Recovery and Resilience Plan, funded by the European Union.
Is my business eligible?
Companies eligible for support under the Enterprise Emissions Reduction Investment Fund: Capital investment for decarbonisation processes, are manufacturing clients of Enterprise Ireland, IDA Ireland (and Údarás na Gaeltachta), subject to the prevailing policies and eligibility criteria of those agencies.
Eligible companies must:
Have 10 or more full time employees in Ireland at the time of application
Have been generating sales for at least 5 years
Project eligibility
Eligible projects are those that are deemed to be significant capital investments in carbon abatement technologies and will result in a demonstrable reduction in carbon emissions.
The following is a list of technologies eligible for funding:
Industrial Heat Pumps (including air, water, and ground source)
Electric steam boilers
Heat recovery technologies
Mechanical Vapour Recompression (MVR) evaporators
Biomass boilers**
For full details see: https://www.enterprise-ireland.com/en/Productivity/Build-a-green-sustainable-Business/Enterprise-Emissions-Reduction-Investment-Fund.html
