Fund will aid firms for future.
ENTERPRISE Ireland is setting up a fund to help firms improve their competitiveness, it emerged yesterday.
Last year, more than 100 businesses applied for grants from the Productivity Improvement Fund to upgrade innovation and technology and for staff training.
Enterprise Minister Micheal Martin said: "I would encourage any small or medium-sized firm considering making an investment to improve productivity to examine if they are eligible."
Insisting the programme will protect jobs, he added: "A total of 122 companies availed of this fund in 2007. They cover a wide range of sectors including engineering, chemicals and seafood."