Ireland Announces €9M Funding Initiative to Develop an All-Island Bioeconomy
Ministers from Northern Ireland and the Republic of Ireland have announced a €9 million funding initiative supporting bioeconomy innovation and solutions. Called the Shared Island Bioeconomy Demonstration Initiative, the funding will be available to applicants across the island of Ireland. The bioeconomy is defined as “sectors that conserve, use, process, distribute or consume biological resources from land and sea including agriculture, horticulture, forestry, food processing, construction, packaging, chemicals and organic waste sectors and land and marine ecosystems”. The initiative aims to support projects that use biomass produced in land and marine areas to develop higher added value biobased products and solutions with demonstrable sustainability benefits. This will help to meet a key objective of Ireland’s Bioeconomy Action Plan 2023-2025, which involves launching pilot demonstration facilities …