The Minister for State for Regional Economic Development, Michael Ring, has announced the allocation of €1.648 million in funding from the Dormant Accounts Fund to 42 social enterprise projects across the country. 
 
The allocations follow a competitive call for proposals from social enterprises that provide services to, or employment opportunities for, disadvantaged people, particularly in rural areas.  
 
Speaking today, the Minister said, "There was a huge interest in the call for proposals which was launched in February, and almost 200 applications were received. I want to thank Pobal for assisting my Department in assessing the applications and in helping to identify those projects that can have the greatest impact with the funding available under this scheme."

He added, "I believe that the projects being funded will play an important role in providing much-needed supports and services to local communities, particularly in rural areas."

Source: www.businessworld.ie