Local businesses set to gain from 1.34m project

The re-launch of the award winning STEM Project was that is set to gain Louth local businesses a share in €1.34m of EU funding was welcomed by representatives from both sides of the border.

The re-launch of the award winning STEM Project was that is set to gain Louth local businesses a share in €1.34m of EU funding was welcomed by representatives from both sides of the border.

The project will bring substantial financial savings and environmental benefits to their local business community.

The STEM Project which is part funded by the European Union’s European Regional Development Fund is set to assist 220 small to medium sized businesses (SMEs) save money, boost profits and reduce their impact on the environment.

Businesses will be offered the opportunity to participate in a range of networks and clusters and avail of up to 5 days site specific support that will help them identify cost savings in energy and waste.

Michael A. Curran, Director of Economic & Cross Border Development from Louth Local Authorities commented “We are delighted to see the services of the STEM Project being offered to businesses in the Co Louth.

“In the current economic climate we welcome any initiatives that will help our business community save money and increase their competitiveness. We would urge our local businesses to sign up to the STEM Project.

“STEM will promote and encourage the formation of cluster groups and networking between businesses, enabling them to share knowledge and resources.

“The Project will identify opportunities for businesses to collaborate and join forces to tender and win new contracts and access new markets.”

In its first cycle the STEM Project helped over 300 businesses collectively save over €600,000 and achieve an Environmental Management System (EMS) accreditation.

The new and updated version of the STEM Project is set to work with 220 businesses across 11 Cross Border Councils and aims to collectively save them €750,000 – that’s an average of almost €3,600 per business.

The growing demand for a green supply chain can be overwhelming for a small business and can often eliminate them from the tender process.

The new STEM Project has developed a flexible approach to support businesses that will offer them the opportunity to opt in or opt out of having their environmental management system audited and certified by an external source.

Financial support up to a maximum of €600 towards certification costs will be made available to those businesses that choose to progress to ISO 14001 or BS8555.

The 11 participating Councils on the STEM Project include the ten Councils of East Border Region and Dungannon and South Tyrone Borough Council.

The cost to participate and avail of the services being provided by the STEM Project will be €240.

Demand is expected to be high with limited places available in each region so register now.

For more information or to register please contact Adele on 0044 7917155014 or email info@stemproject.com.