About

The Irish government’s Shared Island initiative aims to harness the full potential of the Good Friday Agreement to enhance cooperation, connection and mutual understanding on the Island of Ireland and to engage with all communities and traditions to build consensus around a shared future. The Shared Island Fund was announced in Budget 2021, with €500m in capital funding available between 2021-2025, ring-fenced for investment in collaborative North-South projects.

As part of the Shared Island Fund, the Government has awarded €7 million for a Bioeconomy Demonstration Initiative Scheme to invest in sustainable, innovative, and circular bioeconomy development on a shared Island basis, with the aim of transforming the agri-food sector and creating jobs in the rural and coastal economy and sustaining rural and coastal communities.

The Shared Island Fund Bioeconomy Demonstration Initiative Scheme will support the move towards a low-carbon and circular economy. 

The Department for Agriculture, Food and Marine (DAFM) is bringing together the overall funding package which will be progressed through a competitive funding Call. The Department is working in consultation with the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland to develop the opportunity on and all-Island basis to encourage the development of sustainable and circular projects for the agri-bioeconomy and blue bioeconomy across the Island of Ireland.

For more information including access to a recording of the information webinar held on 14 September, please go to this link: https://www.gov.ie/en/publication/cf6de-shared-island-fund-bioeconomy-demonstration-initiative-scheme-holding/

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The purpose of this platform is to help find partners in the opposite jurisdiction as cross border collaboration is one of the key pillars of the funding.