Feasibility Study Grant

What is a Feasibility Study Grant?

Feasibility Study Grants are designed to assist the promoter with researching market demand for a product or service and examining its sustainability. It includes assistance with innovation including specific consultancy requirements, hiring of expertise from third level colleges private specialists, design and prototype development.

The maximum Feasibility Study Grant payable for the BMW Region shall be 60% of the investment or €15,000 whichever is the lesser. 

Expenditure may be considered under the following headings:

  • Consultancy Fees: to include design fees, architect, and legal fees.
  • Technical Development/Prototype/Innovation Costs: to cover prototype development, innovative design, research costs and third-level consultancy costs.
  • Market Research: costs incurred to validate the business proposition.
  • Miscellaneous Costs: This category must not represent more than 20% of the overall cost of the Feasibility/Innovation Grant

How do I apply for the grant?

If you want to apply for a Feasibility Study Grant, you need to contact your Local Enterprise Office. They will assess your eligibility. When applying for this grant, you should show that:

  • you have done enough preliminary research to suggest that a full feasibility study is worthwhile; and
  • there is a reasonable possibility that any business idea arising from the study would have real job creation potential.

You are strongly advised to contact the LEO Laois office before applying so that we can assess your eligibility.