Fine Gael Clare TD and Chair of the Oireachtas Committee on Foreign Affairs and Trade, Pat Breen, has today (Monday) welcomed the launch of Enterprise Ireland’s new €375,000 Competitive Feasibility Fund aimed at stimulating activity in the aviation sector. Deputy Breen added that the Fund will play an important role in the development of an international aviation centre of excellence at Shannon Airport.
“As part of plans announced late last year to overhaul the governance structure at Shannon Airport, the Government announced it was pushing ahead with the development of an international aviation centre of excellence at the Airport, which is expected to create 850 jobs. Today’s announcement from Enterprise Ireland of a €375,000 Competitive Feasibility Fund for the aviation industry will help to move this project forward.
“The new Fund will be used to support entrepreneurship and business expansion in the aviation sector and in particular will help the growth of international aviation companies in Ireland. This has significant job creation potential. Indeed, the Aviation Business Development Task Force has previously estimated that up to 3,500 jobs will be supported through the development of the aviation centre at Shannon over the next five years.
“The creation of the Fund is already generating huge interest in the aviation sector and I have spoken to a number of potential investors who are very excited by this development.
“The delivery of the Competitive Feasibility Fund is a key commitment of the Action Plan for Jobs. It will support new start-up companies or individual entrepreneurs interested in investing in the aviation sector. It will also support established companies or groups of businesses to examine the potential for expansion. Aviation is one of a number of sectors which the Government has identified as having significant growth potential. This is particularly relevant in the context of growth in the Shannon region.
“The Fund, which can provide up to €25,000 per project, is now open for applications, and will remain open until Monday 16th September 2013. I hope that a number of companies or individuals considering getting involved in the Shannon aviation centre will take a close look at the Fund and the possibilities it offers. I also wish Enterprise Ireland well in their dealings with prospective clients, and other relevant agencies in promoting aviation sector growth opportunities in the Shannon region.”