Financial Supports
CEBs offer a variety of financial supports to assist the start-up, development and expansion of small businesses. We welcome enquiries from business for Financial Grant Aid but we must adhere to strict guidelines on eligibility. Financial support is available to small business that meet all of the following criteria:
- Based in County Limerick (If you are located in Limerick city please contact the Limerick City Enterprise Board
- Employ 10 people or less
- Your business is Manufacturing or Internationally Traded Service (75% of trading income must be generated internationally)
Please download our Financial Supports brochure here
How are Financial Grant Awards Decided?
A initial one to one meeting must be made with one of the staff at Limerick County Enterprise Board to determine if your business meets the required criteria (as outlined above). If you business matches the required critieria and you wish to appy for a financial grant, then you must fill out an application form and provide a business plan. This information is then passed on to an evaluation commitee for discussion and then a few weeks later the application is brought before a Board meeting for further discussion.
In evaluating a project it will be a matter for the Board based on the recommendation of the evaluation committee to determine if the project is eligible, if it has the potential to trade internationally or to transfer to Enterprise Ireland.
The grant application decision process has a turn around time of 8 weeks. However the final draw down of funds depends on the efficency of the applicant in completing the required paperwork.
What Financial Grants are available?
- Feasability /Innovation Grants
- Priming Grants:
- Business Expansion Grants
Can I apply for financial grant assistance?
If your business falls within the following criteria, it is ineligible for grant aid:
- Business is located outside of County Limerick
- Proposed project does not present a good case for commerical viability
- Projects involving primary agricultural production
- Retail business
- Professional service business
- Trade business
- Local service business
- Displacement potential i.e. that an assisted project might displace turnover or employment in a competitor firm
- Existing clients of Enterprise Ireland/IDA ireland, or projects qulifying for other state agency or EU supports
- Retrospection i.e.expenditure incurred or jobs created prior to date of grant approval)
- Projects contrary to EU or national policy
- Projects deemed to be capable of proceeding in any event without Board support i.e. Dead Weight
How else can the Enterprise Board help me if my business is outside of the qualfiying criteria for financial grant aid?
Limerick County Enterprise Board has a eBusiness grant which is open to small businesses (excluding professional services and subject to budget limitations). We also offer very heavily subsidised training courses and mentoring sessions for business. In certain cases assistance is available for overseas trade show attendance, business planning etc. The majority of business development is done through our mentoring programmes.Sign up for our newsletter to be kept up to date with what is on offer.
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