Looking to Raise Finance?
There are a number of sources of finance available to both start-up and established companies from both state agencies and private funding.
State Agencies that provide funding for start-up companies:
- Local Enterprise Office
- Enterprise Ireland
- Udaras na Gaeltachta
- National Rural Network
- Bord Iascaigh Mhara (BIM)
- InterTrade Ireland
- Employment and Investment Incentive Scheme (EIIS)
- Microfinance Ireland
Local Enterprise Boards offer a variety of financial supports to assist start-up, development and expansion of small businesses.
- Feasibility / Innovation Grants
- Priming Grants
- Business Expansion Grants
Enterprise Ireland – the main objective of EI is to support established companies with export potential. However, the agency also encourages and supports new High Potential Start-Up businesses. Funding available includes:
- EI Innovation Voucher Scheme
- Co-Funded Fast Track Vouchers
Udaras Na Gaeltachta is the regional authority responsible for the economic, social and cultural development of the Gaeltacht. Funding includes:
- Capital Grants
- Employment Grants
- Feasibility Studies
- Office space and Incubation Units also available.
Rural Development Network is designed to target resources to support improvements to the quality of life in rural areas and the diversification and development of the rural economy and is administered by:
- Leader Partnerships
- Local Development Partnerships
- Local Development Companies see www.nrn.ie
Relevant rural development programme funds:
- diversification into non-agricultural activities
- support for the creation and development of micro-enterprises
- training and skills
BIM helps to develop the Irish Seafood Industry by providing technical expertise, business support, funding, training and promoting responsible environmental practice. see www.bim.ie Funding available includes:
- Collective route to market funding
- Seafood value adding scheme
- Seafood processing business investment scheme
Intertrade Ireland (ITI) through the Acumen programme, aims to help SMEs to grow their business on the island of Ireland by targeting new cross-border markets.
- Business support options include: market research, full-time sales person, part-time sales person, sales graduate programme.
Employment and Investment Incentive Scheme (EIIS) provides tax relief for investment in certain corporate trades by individuals. It replaced the Business Expansion Scheme in November 2011. Please refer to the leaflet IT55 on www.revenue.ie for comprehensive details. Microfinance Ireland – www.microfinanceireland.ie Funded by Government to provide loans to newly established and growing microenterprises across all industry sectors that do not meet the conventional risk criteria applied by banks.