Eligibility Criteria

The Local Enterprise Office can consider applications for funding for new and existing businesses in the manufacturing sector and trading services which have the potential to export.  Projects from other sectors can be considered provided there is no displacement and/or deadweight and provided there is employment creation.  Projects must be in the micro sector i.e. less than 10 employees, and projects and promoters must demonstrate:

  • That they are commercially viable and sustainable
  • That the promoter/s have the necessary skills to operate and manage the business.  Where a new business is being proposed the promoter/s will be required to complete the Start Your Own Business programme of the LEO before the project will be paid grand aid.
  • That the promoter/s have access to the necessary financial resources to complete the total funding requirement for the project

 

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