Business Startup Grants, Funds and Support in Ireland: All You Need to Know
By Tasc
Published On July 19, 2021
Being a business owner, your prime focus will be certainly on quality funding options that can help you to grow your business. The same thing is applicable for starters also. If you are so worried about your initial funding, then you might have a solution here.
If you still can’t find the best suitable pick or if you want more details about the program, you could contact our accounting experts. We are happy to assist you in starting your new business in Ireland.
So, let’s get straight back to the business!
This article will give you a detailed idea about all the major grants, funds, and other support that you will receive in the country if you are about to start a business in Ireland.
#1: Local Enterprise Office
Each county in Ireland has its own Local Enterprise Office (LEO). Their primary job is to provide you with enough advice, data, information, and support on starting a business in Ireland. If you are an entrepreneur, an early-stage promoter, a startup guy, or interested in starting a new business in Ireland, your best possible option is to reach out to your nearest LEO.
To find your nearest LEO, click here.
#2: Startup Refunds for Entrepreneurs (SURE)
This is exclusively for people who need cash to fund the growth of their newly started business. Via SURE, you could claim back your income tax provided if you are an employee or an unemployed person, or someone who recently made redundant and are starting a business.
Click here to dive into the details.
#3: Enterprise Ireland
Enterprise Ireland (EI) is a trusted organization that has been supporting the growth of Limited Companies into other market segments since its inception. EI offers outstanding benefits to business owners in Ireland. Even though they offer amazing business support, still you need to qualify their eligibility criteria to get going.
So, if you are about to expand your business activities, improve efficiency, and grow sales, then EI will be the best choice for you.
Click here to know more.
#4: Finance from banks
While starting a new business in Ireland, always discuss your financial aspects with your accountant. Experienced accountants in Ireland will help you in drafting a professional project report that will help you to talk to your bank about various funding options. Ireland banks offer a variety of funding plans for different businesses after analyzing the scope and profitability of your business.
#5: NDRC
If your business idea revolves around technology, has globally scalable product or service-led propositions, and has a strong commercial and technical team to execute the idea, then NDRC will be a practical option for you. The aim of NDRC is to identify startups that meet a significant global unmet market need or problem.
Click here to know more.
#6: Business Innovation Centres (BICs)
Business Innovation Centres are private-led organizations. They help entrepreneurs and business owners to start and scale their businesses. These centers offer you support in terms of incubation spaces, raising fiancé, and a lot more.
Click here to know more.
#7: Immigrant Investor Programme (IIP)
IP requires a minimum investment of €1m, from the applicants. This has to be their own resources and not financed through a loan or other such facility. This must be committed for a minimum of three years.
Click here to know more.
#8: Startup Entrepreneur Programme (STEP)
This program is more helpful for non-EEA nationals. With the help of STEP, a non-EEA national with an inventive business proposal and minimum funding of €50,000 to come and set up a business in Ireland. There is an application fee of €350 to apply to this program online.
Click here to know more.
#9: Halo Business Angel Network (HBAN)
The HBAN umbrella group supports the early stage entrepreneurial community across the island of Ireland for kick starting their business dreams. The energetically works to escalte the number of angel investors investing in early stage companies.
Click here to know more.
#10: Startup Boost
A global tech startup pre-accelerator located in Dublin, London, Toronto, Detroit, New York, Pittsburgh and L.A is a startup organization that offers a six-week part-time programme for infant entrepreneurs to prepare them for different accelerator programs, seed investment and revenue.
Via this you will get quality mentoring, new connections with high end entrepreneurs and other industry experts.
Click here to know more.
Get access to the most trusted accountants in Dublin
Contact our accounting pioneers and get to know how you can effectively and efficiently manage your business for a productive future. We are having more than 15+ years of experience in accounting and bookkeeping services and we will make sure that you will receive the best accounting services in Dublin, Ireland.
Contact our experts and experience the best company formation services in Ireland.
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