29 | Smart Regions Enterprise Innovation Scheme
Confidentiality Enterprise Ireland will not release any information received as part of this application except for evaluation as set out above or as may be required by law, including the Freedom of Information (FOI) Acts 2014 and applicable Data Protection Legislation (including GDPR). As part of its evaluation process, the application will be given to an assessment panel which will include external assessors as well as Enterprise Ireland employees. All external assessors will have signed a confidentiality agreement with Enterprise Ireland and will be required to declare any conflict of interest where their involvement in the evaluation of any proposal could be inappropriate. Appendix F – State Aid Application Stream 1 – Investment Aid for Local Infrastructure GBER (Article 56) Funding will be provided to Not-for-Profit DAC’s / CLG’s to construct or upgrade local infrastructure that supports enterprise development. The total eligible project costs will be limited to the investment costs in tangible and intangible assets for the construction and/or upgrade of the infrastructure. Other costs, such as operating costs relating to the operation and maintenance of the infrastructure cannot be supported. The funding gap, i.e. the maximum aid amount that can be provided is the difference between (i) the overall investment costs in tangible and intangible assets for the infrastructure and (ii) the total net operating profit over the lifetime of the infrastructure. The calculation should be based on the actual projected lifetime of the infrastructure and is expected to be at least a 15-year period. If the infrastructure has a residual value the infrastructure may be transferred to a public authority where the facility is to be used for a non-economic activity at the end of the useful lifetime of the asset. A claw-back mechanism will apply where the infrastructure has a residual value and is used for economic activity; it could be sold to an undertaking or a public authority carrying out an economic activity at market price and the amount of the sale returned to Enterprise Ireland. Stream 2 – Aid for Innovation Clusters and Consortia (Article 27) The Scheme aims to fund collaborative activity between undertakings i.e. startups, SMEs and other stakeholders in the ecosystem, enabling enterprises to grow and scale. This funding is designed to maximise enterprise collaboration through clustering and thereby stimulating growth and development of new or established clusters and consortia in a regional, cross-regional, or national setting. The funding will provide support to enable personnel to drive collaboration, marketing and managing of the cluster/consortia.
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