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There are a range of financial and other supports available for qualifying businesses. The primary aim of the government support agencies is to provide assistance to new and existing businesses in the areas of niche manufacturing or internationally traded services, in order to allow the project to achieve its full potential. Local factors such as employment generation and impact on the local economy are also considered. In general, preference is given to manufacturing and service businesses with the potential for international trade. The relevant funding agency applicable to any qualifying business will depend on the following key factors:
– Job creation potential
– Domestic or export market
Whether you have a specific idea in mind, or are just curious as to the opportunities available, we have the expertise to assist you through the various funding measures, the rates of grant aid available per measure and the application process Who are the main grant providers? The main funding providers are as follows:
County Enterprise Boards
Primary Focus : Potential Employment: 1 to 10 employees
Every county in the country has a County Enterprise Board whose function it is to offer a range of financial support packages to qualifying small businesses. Eligible enterprises include those employing 10 or less full or part time employees and satisfy the criteria set out below.
LEADER – Rural Development Programme
Leader programmes are generally speaking more locally focused. The LEADER Programme has been a driving force in grassroots local development within counties since 1995, investing in literally thousands of projects across the country through grant aid, technical specialist supports and training initiatives. The new Leader programme will be available to private promoters and community organisations with financial and technical support on offer under the following measures:
Taking the mystery out of local development
To keep things simple, we set out below a guide to the most relevant information across the range of initiatives Leader programmes apply to.
Community / Voluntary
Figures/rates are correct at time of print but may be subject to department changes
* In exceptional circumstances, and subject to prior written approval by the Department, grant aid up to €200,000 may be awarded.
** In exceptional circumstances, and subject to prior written approval by the Department, grant aid up to €200,000 and €500,000 may be awarded to private and non-commercial community projects respectively. (A & D = Analysis & Development)
Primary Focus: Export Orientated.
Employement Prospects: Potential employees > 10
Enterprise Ireland is the government agency responsible for the development and promotion of the indigenous business sector. Their mission is to accelerate the development of world-class Irish companies to achieve strong positions in global markets resulting in increased national and regional prosperity.
Through their extensive network of Irish and international offices, their function is to assist and help grow Irish companies in international markets.
Enterprise Itreland’s key focus, for Irish companies is covered under the following five areas of activity:
They also provide assistance for international companies who are searching for world-class Irish suppliers and we can help international companies who want to set up food and drink manufacturing operations in Ireland. Contact us for more details.
Enterprise Ireland provide advisory and financial support to High Potential Start-Up (HPSU) businesses and encourage all forms of entrepreneurship from people living in Ireland and from Irish people living abroad.
As a HPSU, the support you can get from Enterprise Ireland depends on where you are in the three stages of our start-up development process.
1) Starting a Business
2) Challenging and Validating the Business Idea
3) Seeking Advice and Funding to Develop an Investor-ready Business Plan
High potential start-ups (HPSU) eventually need to attract investors. At this start-up development stage it is essential that HPSUs develop a commercially sound business plan that can draw solid investment. We offer various supports to help you achieve this.
Advice for developing investor-ready business plans
The advisory support available includes:
Funding for investor-ready business plans
When you have developed a strong, investor-ready business plan Enterprise Ireland can consider co-investing in it. Our co-investment takes the form of an equity stake (preference or ordinary shares) following a commercial due diligence process
Ireland’s inward investment promotion agency, IDA Ireland partners with foreign investors, helping them to set up and develop their business in Ireland.
IDA Ireland provides ongoing assistance to companies that locate here.