Sinn Fein MEP Liadh Ní Riada is to set up meetings between members of the Kantoher co-operative and the European Investment Bank.
The Ireland South MEP said she would help facilitate the meetings after visiting Kantoher Business Park with Limerick councillor Seamus Browne.
“The work that has been done in this area, especially given the issues they have been having with accessing LEADER funding, is astonishing,” she said.
“Like many towns and villages across the country Kantoher was hit with massive job losses during the crash but showed incredible mettle to stick together as a community and develop this co-operative.
“They really are a testament to the strength of people power and a community’s ability to survive and thrive if it sticks together.
“There are a number of impressive projects in the pipeline in the area, some being funded by various groups including Limerick City and County Council.
“However, a number of the projects they are working on, in particular the efforts to set up a community bank, could be eligible for EU funding.
“The European Investment Bank, for instance, has a duty to support social enterprises due an amendment I was able to make through my role on the EU Budgets Committee and I think this project would fall under their remit.
“As a result of that I will now be setting up a meeting between the local Co-op and the EIB to see what support they can offer.”