It's the first of its kind in the sector.
The Arts Council has launched a new Street Performance and Spectacle Policy which focuses on the importance of both artforms.
The initiative covers both live outdoor performances and events such as parades and is the first of its kind.
It calls on fairer pay for artists, improved professional training, sustainable career development - and the role of local authorities and art centres in supporting the arts.
Mullingar Circus Arts performer and producer Aoife Raleigh says it focuses on diverse ways to grow the sector: