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 Boards
- 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
offer a variety of financial supports to assist start-up, development and expansion of small businesses.
- Feasibility / Innovation Grants
- Priming Grants
- Business Expansion Grants
– the main objective of EI is to support established companies with export potential. However, the agency also encourages and suppots new High Potential Start-Up businesses. Funding available includes:
Udaras Na Gaeltachta
- EI Innovation Voucher Scheme
- Co-Funded Fast Track Vouchers
is the regional authority responsible for the economic, social and cultural development of the Gaeltacht. Funding includes:
Rural Development Network
- Capital Grants
- Employment Grants
- Feasibility Studies
- Office space and Incubation Units also available.
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
Relevant rural development programme funds:
- diversification into non-agricultural activities
- support for the creation and development of micro-enterprises
- training and skills
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:
Intertrade Ireland (ITI)
- Collective route to market funding
- Seafood value adding scheme
- Seafood processing business investment scheme
through the Acumen programme, aims to help SMEs to grow their business on the island of Ireland by targeting new cross-border markets.
Employment and Investment Incentive Scheme (EIIS)
- Business support options include: market research, full-time sales person, part-time sales person, sales graduate programme.
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.