Phelan welcomes fund for women in business

Labour TD Ann Phelan has welcomed the announcement of a €250 million fund aimed at stimulating business start-ups by female entrepreneurs.

Labour TD Ann Phelan has welcomed the announcement of a €250 million fund aimed at stimulating business start-ups by female entrepreneurs.

The new fund, established by Enterprise Ireland, is designed to boost the number of innovative, export-oriented business being set up and led by Ireland’s female entrepreneurs.

“This is another key Government measure under the promised Action Plan for Jobs and is designed to investigate the viability of new business that can succeed in global markets,” Deputy Phelan said.

“Ireland currently has a relatively low level of female entrepreneurs and so by targeting an increase in that number, we can boost the overall level of business activity – and the potential for jobs is huge,” she said.

Details of the fund, including application forms, can be found on the Enterprise Ireland website at www.enterprise-ireland.com/femaleentrepreneurship and the closing date for applications is September 4.