Eligibility Criteria

Are you eligible?Are you eligilble Mayo LEO

Local Enterprise Office Mayo can assist in the establishment, and/or development, of new and existing enterprises from individuals/sole traders and companies subject to the following eligibility criteria:

  • The enterprise must be in manufacturing or Internationally Traded Services Sectors;
  • The enterprise must be in the commercial sphere;
  • The enterprise must demonstrate a market for the product/service;
  • The enterprise must have a capacity for growth and new job creation;
  • The enterprise must not employ more than 10 people.

Depending on availability of financial resources, it may not always be possible to accept applications for Feasibility, Business Priming or Business Expansion funding. Any such constraints - if they arise - do not necessarily affect other financial supports listed on our website. To check availability throughout the year, please talk to our Business Adviser team.

In general Local Enterprise Office Mayo cannot offer grant aid to:

  • retail businesses;
  • personal & professional services businesses;
  • construction sector;
  • primary agriculture businesses;
  • other local services that duplicate existing local businesses.

 

It is important to note that although the LEO cannot offer grant aid to businesses in these sectors, we can, however, subject to available budget, provide assistance with mentoring, training, website development and trade show attendance. Contact us and we’ll do what we can to help!

 

Please note:

The approval of all applications and the payment of all monies is dependent upon the availability of financial resources at any given time.

 

Please note:

All grant payments issued by Local Enterprise Office Mayo is subject to De Minimis: De Minimis Regulation (EC) 1407/2013

De Minimis regulations mean that an enterprise which cannot receive in excess of €200,000 in State Aid (from 1st January, 2007) over any three fiscal years, irrespective of size and location.  De Minimis Aid can come from any State body, agency or department and can be in the form of equity, grant, subsidies, guarantees, state guarantees, and loans. In making an application for support from LEO Mayo the applicant should sign a declaration providing details of all other De Minimis aid which has been granted to the company within the past three years.

 

Share: