The former Lisheen Mine site which has been approved for major funding for a bioeconomy facility.
Enterprise Ireland confirms major investment in National Bioeconomy Innovation & Piloting Facility at former mining site
The news the people of Mid Tipperary have been waiting for in relation to the site of the former Lisheen Mine has finally arrived following an announcement by Minister for Business, Enterprise and Innovation, Heather Humphreys TD today of a new €60m competitive Regional Enterprise Development Fund.
Twenty-one successful applicants representing all regions of the country have secured up to €30.5m for their projects in the first competitive call. Over €14m has been approved for projects in the southern region, over €11m for projects in the eastern and midlands region and over €5m has been approved for the northern and western region, subject to grant conditions.
In county Tipperary, the Irish Bioeconomy Foundation has been approved for funding. This project is the development of a state-of-the-art National Bioeconomy Innovation & Piloting Facility encompassing flexible, modular, pilot-scale multi-purpose chemical & biological infrastructure. It is thought that the fund for Lisheen is in the region of €4m, although this has yet to be confirmed.
This is a major boost to the local region and after much speculation and comment, it seems as though the area will finally become a bioeconomy hub with the prospects of creating hundreds of jobs. A number of companies are known to be interested in investing in the site, including a few local ones and this latest announcement will provide major impetus in helping to speed up to the process.
Of the 21 projects across all regions, 11 projects in the Southern Region of the country (Cork, Kerry, Waterford, Carlow, Limerick, Clare and Tipperary) have been approved for funding of €14.2 million, subject to grant conditions.
The Fund, which is an open national competitive call to support regional projects, is provided by the Department of Business, Enterprise and Innovation, through Enterprise Ireland and is a key action to support the Regional Action Plan for Jobs and the Action Plan for Rural Development.