€245 Million To Be Invested In Five New World Class Research Centres In Ireland
Jobs Minister Richard Bruton and Skills, Research and Innovation Minister Damien English today announced Government and industry funding of €245 million for the establishment of five new world-class SFI Research Centres in Ireland.
The funding of €155 million from the Department of Jobs will be delivered through Science Foundation Ireland’s Research Centres Programme, coupled with €90 million in cash and in-kind contributions from industry partners.
The funding will support cutting-edge research in critical and emerging sectors of the economy which are key for job creation in Ireland. The funding will be provided over the next six years, 2014-2020.
The new funding has been competitively awarded in areas of national importance closely aligned to industry and enterprise needs, job opportunities and societal goals.
As a result of today’s announcement there will be a total of twelve SFI Research Centres in Ireland. Today’s investment marks the second tranche of funding under the SFI Research Centres Programme; last year €300 million (€200 from SFI and €100 from industry) in funding was announced for seven research centres, the largest ever combined Government and Industry co-funding collaboration of its kind in the research field in Ireland.