The Government of Ireland has awarded €7million for a Bioeconomy Demonstration Initiative Scheme, as part of the Shared Island Fund, to invest in the circular bioeconomy development with the aim of transforming the agrifood sector and creating jobs in the rural and coastal economy and sustaining rural and coastal communities.
For the Bioeconomy Demonstration Initiative Scheme, the Department of Agriculture, Food and the Marine will work in consultation with NI's Department of Agriculture, Environment and Rural Affairs in the development of the competitive funding call to encourage the development of sustainable and circular projects for the agri-bioeconomy and blue bioeconomy. Inter Trade Ireland, the cross-border trade and business development body, are assisting both departments with the promotion of the scheme and related events.
They are hosting a webinar on September 14, 2023 to:
Engage with stakeholders who may be interested in finding out more about the bioeconomy and learn about the Shared Island funding opportunity;
Advise on how to participate in a stakeholders survey to help identify potential bioeconomy projects;
Quantify the level of interest in the call, and
Promote upcoming in person workshops/one to one clinics on the Shared Island fund Bioeconomy Demonstration Initiative Scheme.
The Shared Island Initiative aims to harness the full potential of the Good Friday Agreement to enhance cooperation, connection and mutual understanding on the island and engage with all communities and traditions to build consensus around a shared future. The Shared Island Fund was announced in Budget 2021, with €500million in capital funding available between 2021-25, ring-fenced for investment in collaborative North/South projects.
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