Roscommon-based social enterprise, Cycle Up, is among the 28 Awardees of Rethink Ireland’s Social Enterprise Development Fund and Social Enterprise Start-Up Fund. The local social enterprise was among those named at a celebratory lunch event held at Airfield Estate in Dublin last week.
Cycle Up is a part of the Roscommon Women’s Network (RWN). The organisation aims to support, train and empower women to generate and take-up employment in the circular economy while protecting the environment in a rural context. Their textiles project addresses textile waste through supporting the hardest-to-reach women to engage.
Cycle Up is an Awardee of Rethink Ireland’s Social Enterprise Start-Up Fund (2021-2022). The €800,000 Fund has been developed in partnership with the Department of Rural and Community Development via the Dormant Accounts Fund, aiming to support social enterprises at the startup and early stage of existence.
Awardees were also announced for the €4.4 million Social Enterprise Development Fund (2018 – 2023) has been delivered annually from 2018 and will continue until 2023, with support from IPB Insurance and the Department of Rural and Community Development via the Dormant Accounts Fund. To date the Fund has helped over 500 people gain employment through 112 social enterprises and has mobilised over 16,507 volunteers.
Richard Gavin, Assistant Principal at the Department of Rural and Community Development stated: “Recipients of this funding and support are playing a key role in developing communities nationwide and I want to extend my congratulations to all Awardees. With their commitment and dedicated work, these enterprises are making a true social and economic impact on their local communities, while also tackling key social issues that we face today. They are inspirations for the next generation of social enterprises, and we look forward to continuing to support them as they progress and develop further.”
CEO of Rethink Ireland, Deirdre Mortell commented on the Awardee announcement stating: “This year Rethink Ireland published our 6 Year Impact Report, detailing the level of progress that has been made towards developing a more sustainable and fairer Ireland by supporting social enterprises. Today, I’m delighted to announce that Rethink Ireland is awarding additional support and funding to 28 social enterprises who are on their journey to creating a lasting positive impact on communities across the country.
For more information on each Awardee please visit https://rethinkireland.ie/our-funds/social-enterprise/