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Government Announce €55 million "Green Transition" Fund

Tánaiste Leo Varadkar TD, Minister James Browne TD, and Senator Pippa Hackett have announced a new €55 million ‘Green Transition’ fund to help businesses move away from fossil fuels and towards more sustainable, cheaper alternatives.

The Green Transition Fund is part of Ireland’s National Recovery and Resilience Plan (NRRP), which is funded by the European Union. The Green Transition Fund comprises:

  1. The Climate Planning Fund for Business, which will give businesses funding to come up with a personalised plan to identify how best to remove reliance on fossil fuels in their business. A €1,800 grant to develop a plan and up to €50,000 matched funding to go towards specific capacity building within an enterprise are among the grants available.
  2. The Enterprise Emissions Reduction Investment Fund, which will give manufacturing businesses funding to invest in carbon neutral heating processes, smart metering and energy monitoring, and research and development. Up to €1 million is available for businesses to upgrade their processes.

The programmes will run over the next five years. For more information on the Green Transition Fund and the National Recovery and Resilience Plan, please click here.