HSE Cavan Monaghan Mental Health Services and the HSE National Office for Suicide Prevention are seeking applications for "once off funding."
The funding will be between €2,500 and a maximum of €25,000 from local community and voluntary groups.
It is aimed at initiatives to reach "at risk" or "vulnerable groups" in relation to improving their mental health and well-being, and reducing the risk of self-harm and suicide.
Speaking to Northern Sound, Emer Mulligan who is the HSE's regional suicide prevention officer, believes the essential funding will help locals "look out" for each other.
She says communities are where many people receive their support and a sense of social connection that is "so important" for reducing the risks around isolation, which helps increase a "sense of hope" for those going through tough times.
Further information on the funding process can be found on the 'Connecting for Life' Cavan Monaghan website.
Application portals are also opened from now until next Friday for those who would like to avail.