Whether you’re a first-time business owner or a seasoned veteran looking to launch a new firm, Ireland has a number of awards to assist you get started.
These grants are intended to provide prospective entrepreneurs with the financial assistance they require to put their business ideas into reality.
List Of Business Start Up Grants Ireland
If you’re ready to take the plunge and launch your own company, keep reading to learn more about Business Start Up Grants Ireland and how they can help you realize your ambitions.
1. Enterprise Ireland Competitive Start Fund
Enterprise Ireland’s Competitive Start Fund (CSF) is intended to provide money and coaching to early-stage start-up enterprises.
The fund gives up to €50,000 in equity capital to enterprises with the potential for rapid growth and worldwide expansion.
It is available to organizations from all industries, with a special emphasis on manufacturing, engineering, and technology.
2. Local Enterprise Office Priming Grant
The Local Enterprise Office Priming Grant is intended for new or existing firms that have been in operation for less than 18 months.
The grant covers up to 50% of eligible costs, up to a maximum of €80,000, and can be used to pay expenses such as salary, market research, and product development.
To be eligible, the company must have a viable business plan, the ability to create jobs, and high export potential.
3. Local Enterprise Office Business Expansion Grant
The Local Enterprise Office Business Expansion Grant is intended for companies that have been in operation for at least 18 months and have the potential to grow and create jobs.
The grant covers up to 50% of eligible costs, up to a maximum of €150,000, to aid with capital expenditure, marketing, and product development.
The company must have a viable business plan and show the potential for growth and employment creation.
4. Microfinance Ireland Start-up Business Loan
Microfinance Ireland offers start-up loans of up to €25,000 to enterprises that are not eligible for standard bank credit.
The loan can be used to cover startup expenses like equipment, inventory, and working capital.
The interest rate is competitive, and repayment periods can be tailored to the needs of the company.
5. Credit Guarantee Scheme
The financing Guarantee Scheme is intended for firms who are unable to obtain financing from traditional lenders such as banks.
The scheme offers banks with a government guarantee on loans of up to €1 million made to qualifying firms.
This can assist firms in obtaining money that they would not have been able to obtain otherwise.
6. Sustaining Enterprise Fund
The Sustaining Enterprise Fund is focused at enterprises that are struggling but have the potential to be profitable in the long run.
The fund provides up to €800,000 in repayable and non-repayable finance to assist enterprises in restructuring and returning to viability.
The company must have a viable business plan and demonstrate the ability to create jobs and economic growth.
7. Ireland Strategic Investment Fund
The Ireland Strategic Investment Fund (ISIF) is a sovereign wealth fund that provides finance and support to both new and existing firms in Ireland.
The major goal of the fund is to invest in high-growth, creative firms that can generate jobs and contribute to economic development.
The ISIF offers a diverse range of investment vehicles, including equity, debt, and mezzanine financing.
8. BIM Seafood Innovation Fund
The BIM Seafood Innovation Fund is a grant program aiming to assist innovation and growth in the Irish seafood industry.
The program offers financial assistance to enterprises who are developing new products or services, enhancing operational efficiency, or investing in R&D.
The fund’s goal is to boost the competitiveness and sustainability of Ireland’s seafood industry.
9. European Regional Development Fund
The European Regional Development Fund (ERDF) is a financial initiative that helps Ireland and other European Union member countries with economic growth.
The fund offers financial assistance to businesses, universities, and research institutes striving to increase regional competitiveness, innovation, and employment.
ERDF grants are provided for a variety of activities, including R&D, infrastructure investment, and business support.
10. LEADER Programme
The LEADER Programme is a community-led rural development initiative in Ireland that gives funding and support to businesses, community groups, and individuals in rural areas.
The initiative is intended to promote long-term development in rural communities by subsidizing a variety of activities such as tourism, agriculture, food processing, and energy efficiency.
11. Seed Capital Scheme
The Seed Capital Scheme is a tax incentive program that gives financial assistance to early-stage firms in Ireland.
The program allows investors to claim a tax benefit for their investment in eligible enterprises, which can assist young and innovative businesses receive much-needed cash.
The scheme is intended to foster the growth of a vibrant start-up ecosystem in Ireland.
12. Rural Regeneration and Development Fund (RRDF)
The Rural Regeneration and Development Fund (RRDF) is a government-led initiative that offers money and support for rural development projects in Ireland.
The program is intended to boost rural economic growth and job creation by investing in infrastructure, community facilities, and tourism development.
The fund’s goal is to encourage the development of new businesses and industries in order to establish sustainable and resilient rural communities.
For more information: www.localenterprise.ie