07/06/2005

Applications sought for £5m from Peace funding

European funding worth £5 million has been made available to generate new businesses and jobs in deprived areas of Northern Ireland.

The funding is now available through the Department of Enterprise, Trade and Investment, (DETI), following last week’s announcement of the two-year extension and additional funding of €160 million of the Peace II Programme.

DETI is seeking applications from community development and social economy organisations looking to develop flexible workspace units.

Applications for the funding must be submitted to DETI by 4pm on Thursday 7 July through the website www.eugrants.org or by telephoning 028 9052 9587.

Projects must benefit areas defined as New Targeting Social Need, demonstrate partnership/consultation with the local community and complement other regeneration initiatives.

The scheme is being funded through the European Union (EU) Programme for Peace and Reconciliation in Northern Ireland and the Border Region of Ireland (PEACE II).

(MB/SP)

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