Six firms across Ireland and Northern Ireland secure €20m Shared Island grants to fund industrial decarbonisation and sustainable technology projects.
Six companies across Ireland and Northern Ireland have been awarded funding under the €20 million Shared Island Sustainability Capital Grant scheme, aimed at accelerating industrial decarbonisation and supporting the transition to a low-carbon economy.
The initiative, financed through the Government of Ireland’s Shared Island Fund, forms part of the €30 million Shared Island Enterprise Scheme developed by InterTradeIreland, Invest Northern Ireland and Enterprise Ireland.
“There is so much to be gained from island-wide cooperation in working to meet our common climate goals”
The grants will leverage more than €63.5 million in private sector investment for projects that integrate sustainable technologies into industrial operations.
Three companies in Ireland will receive support: Aurivo, which will install new technology to decarbonise high-temperature processes in dairy production; Ecocem, which will integrate recycled crushed glass with ground granulated blast furnace slag to produce low-carbon cement; and Gannon Eco, which will scale up a process to treat and recycle hazardous acid waste.
In Northern Ireland, O&S Doors will invest in renewable heat and energy, Capper Trading will create a renewable energy hub, and Cemcor will develop low-carbon cement.
Cross-border collaboration on climate action
Announcing the awards, Taoiseach Micheál Martin, TD, said the scheme reflects the benefits of cross-border collaboration on climate action.
“There is so much to be gained from island-wide cooperation in working to meet our common climate goals,” he said. “Each of the six projects announced today will combine public and private funding to introduce innovative solutions and technology to decarbonise industrial processes and support sustainable growth and jobs across the island of Ireland.”
Peter Burke, TD, Minister for Enterprise, Trade and Employment, described the selected projects as “disruptive and diverse” and said they will help enterprises capitalise on emerging sectors while delivering on net zero commitments. “This government will continue to advance our Shared Island investment priorities, working in all-island partnership with the Northern Ireland Executive to co-fund and co-deliver investment that creates a more connected, sustainable and prosperous island for all communities,” he said.
Northern Ireland Economy Minister Caoimhe Archibald said the scheme aligns with her economic vision of increasing productivity and decarbonising the economy through innovation. “The work that Invest NI, InterTradeIreland and Enterprise Ireland are doing through this scheme is accelerating investment in a sector with huge economic potential across the island,” she said.
Enterprise Ireland chief executive Jenny Melia said the projects represent “innovative solutions” that support the transition to a resource-efficient economy. “Together with our Shared Island partners, InterTradeIreland and Invest NI, I would like to congratulate all six projects,” she said.
Kieran Donoghue, chief executive of Invest NI, said the grants will accelerate decarbonisation and bring wider benefits through increased use of renewable energy. Margaret Hearty, chief executive of InterTradeIreland, added that the scheme will help businesses progress their transition to net zero and strengthen supply chains across the island.
Top image: Margaret Hearty, Chief Executive of InterTradeIreland with Peter Burke, TD, Minister for Enterprise, Trade and Employment
-
Bank of Ireland is welcoming new customers every day – funding investments, working capital and expansions across multiple sectors. To learn more, click here
-
For support in challenging times, click here
-
Listen to the ThinkBusiness Podcast for business insights and inspiration. All episodes are here. You can also listen to the Podcast on:
-
Spotify
-
SoundCloud
-
Apple
