Regional Economic Development to Fore of New Fund

WDC welcomes the announcement of additional funding for economic development in the Western region.

The WDC has welcomed the recent allocation of €2million in additional funding for strategic regional economic development in the West of Ireland.  The funding, which follows the publication of the CEDRA (Commission for Economic Development of Rural Areas) report, will be administered by the WDC for a range of economic development projects.

Regional development continues to be the source of much discussion as economic reporting highlights stability and growth in the national economy.  However, many feel that regional Ireland is still adjusting and recovering from the prolonged effects of the recession – a fact which CEDRA’s report seeks to address.

Speaking about the announcement, the WDC’s Chair, Paddy McGuinness stated that, “The West of Ireland has much to offer.  This is evidenced by the success of our tourism industry, not least of all, the Wild Atlantic Way which continues to attract new and return International visitors – as well as our growing indigenous enterprise and creative sector.   The WDC has a long history of serving the West by supporting policies and projects with a significant economic dividend – jobs, enterprise and tourism.  This additional funding is a very positive assurance to continuing the important work of regional economic development, something which An Taoiseach has been committed to since taking office”

Earlier this year, the WDC was successful in attaining EU funding to deliver the “Creative Momentum” project, a three-year programme which will support the development of the creative industries sector in the West.  This project follows the hugely successful “Creative Edge” project which offered creative sector enterprises mentoring and support in accessing global markets.    The WDC also administers the Western Investment Fund, which offers investment and micro-loan capital for SMEs, micro-enterprise and community projects.

For more information about the WDC, visit www.wdc.ie or call 094 9861441.

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