Credit squeeze slows €1bn rural scheme
“If projects are developed, matching funding is available from the State and the EU, but it is proving difficult to secure matching funding from the banks and the financial institutions,” said Community, Equality and Gaeltacht Affairs Minister Pat Carey last week.
“There are smaller institutions that have an ethical base that are working with some of the LEADER companies to provide co-funding, and I will meet some of them in the next two weeks to see if we can get more engagement from them. I wish the commercial sector and the covered institutions would be more forthcoming but there are difficulties at present.”
