Criteria for Financial Assistance

LEOs can assist in the establishment and/or development of new and existing enterprises (limited company, individuals/sole trader, cooperatives and partnerships) provided that such enterprises/projects are capable of attaining commercial viability and subject to the following eligibility criteria:

• The enterprise must not employ more than 10 people;
• The enterprise must be established, registered and operate within the geographic location of the Local Enterprise Office;
• The enterprise must operate in the commercial sphere;
• The enterprise must demonstrate a market for the product/service;
• The enterprise must have potential for growth in domestic and/or export markets and also potential for new job creation.

Within the above eligibility criteria there are certain priorities and restrictions:

• Priority must be given to enterprises in the manufacturing or internationally traded services sectors which over time can develop into strong export entities and graduate to the Enterprise Ireland portfolio;
• Salary support may be offered to unique tourism services projects that are focused predominantly on generating revenues from overseas visitors and which do not give rise to deadweight and/or displacement in the local economy;
• This grant aid does not support those areas such as retail enterprises, personal services (eg hairdressers, gardeners, creches etc), professional services (accountants, solicitors etc), construction/local building services, as this is considered to give rise to unacceptable deadweight (where the project would have proceeded anyway) and/or displacement (where the projects imply displace business from other players in the market).
• The sector of the economy in which an enterprise is operating or intends to operate
• The size or proposed size of the enterprise
• Any expenditure incurred, prior to receipt of application form, will not be eligible for grant support.