Four Clare companies have been approved for funding, which could help spur a significant jobs boost.
Panalok in Ennis, and Shannon-based Lenane Precision Limited, Shannon Precision Engineering and Thormac, are part of the 14-member Emerald Aero Cluster.
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The group aims to create an additional 20 million euro worth of additional export revenues over the next three years, resulting in the creation of 200 new direct jobs.
The cluster has been approved grant aid by the Department of Business, Enterprise and Innovation, through Enterprise Ireland, in the latest round of the Regional Enterprise Development Fund.