Business Start Up Grants Ireland – the very phrase might make your heart skip a beat. The prospect of starting your own business can be exciting, but it can also be daunting. That’s where Business Start Up Grants Ireland comes in.
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These grants are designed to give aspiring entrepreneurs the boost they need to turn their business ideas into reality.
Whether you’re a first-time business owner or a seasoned veteran looking to start a new venture, there are a variety of grants available in Ireland to help you get started.
The List of Business Start Up Grants Ireland
If you’re ready to take the leap and start your own business, read on to learn more about Business Start Up Grants Ireland and how they can help you make your dreams a reality.
Enterprise Ireland Competitive Start Fund
Enterprise Ireland’s Competitive Start Fund (CSF) is designed to support early-stage start-up companies with funding and mentoring.
The fund provides up to €50,000 in equity funding for businesses that have the potential to achieve high growth and scale internationally.
It is open to companies from all sectors, with a particular focus on areas such as manufacturing, engineering, and technology.
Local Enterprise Office Priming Grant
The Local Enterprise Office Priming Grant is aimed at businesses that are starting up or have been in operation for less than 18 months.
The grant provides up to 50% of eligible costs, up to a maximum of €80,000, to help cover expenses such as salary costs, market research, and product development.
To qualify, the business must have a feasible business plan, be able to create jobs, and have strong export potential. Find more information here.
Local Enterprise Office Business Expansion Grant
The Local Enterprise Office Business Expansion Grant is aimed at businesses that have been trading for more than 18 months and have the potential to grow and create jobs.
The grant provides up to 50% of eligible costs, up to a maximum of €150,000, to help cover expenses such as capital expenditure, marketing, and product development.
The business must have a feasible business plan and demonstrate the potential for growth and job creation. Find more information here.
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Microfinance Ireland Start-up Business Loan
Microfinance Ireland provides loans of up to €25,000 to start-up businesses that are not eligible for traditional bank lending.
The loan can be used to cover start-up costs such as equipment, stock, and working capital.
The interest rate is competitive, and repayment terms can be flexible to suit the needs of the business. Find more information here.
Credit Guarantee Scheme
The Credit Guarantee Scheme is aimed at businesses that have difficulty accessing credit from traditional lenders such as banks.
The scheme provides a government guarantee to banks on loans of up to €1 million to eligible businesses.
This can help businesses to secure funding that they may not have been able to access otherwise. Find more information here.
Sustaining Enterprise Fund
The Sustaining Enterprise Fund is aimed at businesses that are experiencing difficulties but have the potential to be viable in the long term.
The fund provides a combination of repayable and non-repayable funding of up to €800,000 to help businesses to restructure and return to viability.
The business must have a feasible business plan and demonstrate the potential to create jobs and generate economic growth. Find more information here.
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Ireland Strategic Investment Fund:
The Ireland Strategic Investment Fund (ISIF) is a sovereign wealth fund that provides funding and support to new and existing businesses in Ireland.
The fund’s primary focus is on investment in high-growth, innovative companies that can create jobs and contribute to economic development.
The ISIF has a wide range of investment instruments, including equity, debt, and mezzanine finance. Find more information here.
BIM Seafood Innovation Fund:
The BIM Seafood Innovation Fund is a grant program designed to support innovation and growth in the Irish seafood sector.
The program provides financial support to businesses that are developing new products or services, improving their operational efficiency, or investing in research and development.
The fund aims to increase the competitiveness and sustainability of the Irish seafood industry. Find more information here.
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European Regional Development Fund:
The European Regional Development Fund (ERDF) is a funding program that supports economic development in Ireland and other European Union member states.
The fund provides financial assistance to businesses, universities, and research institutions that are working to improve competitiveness, innovation, and employment in their regions.
ERDF grants are available for a wide range of activities, including research and development, infrastructure investment, and business support. Find more information here.
LEADER Programme:
The LEADER Programme is a community-led rural development initiative that provides funding and support to businesses, community groups, and individuals in rural areas of Ireland.
The program is designed to support sustainable development in rural communities by providing funding for a wide range of activities, including tourism, agriculture, food processing, and energy efficiency. Find more information here.
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Seed Capital Scheme:
The Seed Capital Scheme is a tax incentive program that provides financial support to early-stage businesses in Ireland.
The program allows investors to claim a tax deduction on their investment in qualifying businesses, which can help to attract much-needed funding for new and innovative companies.
The scheme is designed to support the development of a vibrant start-up ecosystem in Ireland. Find more information here.
Rural Regeneration and Development Fund:
The Rural Regeneration and Development Fund is a government-led initiative that provides funding and support for rural development projects in Ireland.
The program is designed to stimulate economic growth and job creation in rural areas by investing in infrastructure, community facilities, and tourism development.
The fund aims to create sustainable and resilient rural communities by supporting the development of new businesses and industries. Find more information here.
