Grants of up to €150,000 available for companies in their first 18 months
There are over 80 different government supports available to small businesses but many of them are not well known or understood. Each week in the SFA e-zine, we will profile a different support that could improve your business, giving you information and advice.
A grant of up to €150,000 for businesses in their first 18 months of operation.
The vouchers can be used for:
- Capital items: workspace fit-out, equipment, machinery, computer hardware/software
- Salary and recruitment costs
- Rental/accommodation costs
- Utility costs: including installation costs but excluding mobile phone costs
- Marketing costs: including brochures, business cards, website design, trade fairs
- Consultancy costs: including accounting and legal fees
- Business-specific training
Priming Grants are designed to support new businesses in their early years of operation. It is targeted specifically at companies with the potential to export.
The scheme is run by the Local Enterprise Offices (LEOs) around the country. To find your nearest LEO, visit the LEO website.
The LEO will assess your application. The maximum grant awarded is €150,000 or 50% of the investment, whichever is the lesser. Grants over €80,000 are the exception and apply only to companies with a clear potential to become an Enterprise Ireland client company.
For more information, see here or visit the website of your local LEO.
If you are interested in applying, don’t forget:
- Priming Grants are specifically for micro-firms with less than 10 employees
- They are available to sole traders, partnerships or limited companies
- Applicants should be in the manufacturing or internationally traded services sectors, or be a domestically traded service business with the potential to trade internationally
- Grants for salary costs apply to the first year of employment and a maximum of €15,000 per full time job created applies
- If your business has been trading for more than 18 months, you should apply for a Business Expansion Grant rather than a Priming Grant