Business Expansion Grant

Business Expansion Grant

The Business Expansion Grant is designed to assist the business in its growth phase after the initial 18 month start-up period.  Micro enterprises that have availed of a Priming Grant are ineligible to apply for a Business Expansion Grant until 12 months after the final drawdown date of the Priming Grant, except in exceptional circumstances.

Business Expansion grants may be available for sole traders, partnerships or limited companies that fulfil the following criteria:

  • Located within Offaly
  • A business which on growth may or may not fit the Enterprise Ireland portfolio
  • A  business employing up to 10 employees
  • A Manufacturing or Internationally traded services business
  • A Domestically traded services business with the potential to trade internationally
  • A domestically traded services business being established by a female returning to the workforce or unemployed persons where the potential for deadweight and displacement does not exist”

Subject to the 50% limit, a maximum grant of up to €15,000 per full time job created shall apply in respect of any employment support grant aided.

In all other cases, the maximum grant shall be 50% of the investment or €80,000 whichever is the lesser.

Grants over €80,000 and up to €150,000 shall be the exception and shall only apply in the case of projects that clearly demonstrate a potential to graduate to Enterprise Ireland and/or to export internationally.

The maximum Business Expansion Grant payable must not exceed 50% of the investment or €150,000 whichever is the lesser.

Expenditure may be considered under the following headings:

  • Capital Items. These include fit out of workspace, equipment, machinery etc (Note acquisition of building and purchase of mobile assets are excluded from grant aid).
  • Salary Costs. For 1st year of employment. This to be paid out in two instalments. The first instalment at the commencement of employment and the second instalment once the employment has continued in existence for a period of six months. The level of grant support should reflect the salary scale proposed for the employment being generated.  It is anticipated that only quality jobs attracting salaries in excess of €40,000 will be eligible for the maximum €15,000 grant support with appropriately scaled back grants offered in accordance with proposed salary for lower paid positions.
  • Marketing Costs. These include packaging, brochures, business cards, trade fairs, website design and development, and other marketing initiatives.
  • Consultancy Costs. These include design fees, architect, accountant and legal fees.
  • Business Specific Training. Costs here refer to specialized management or key personnel training programmes that are required to ensure the growth of the business. Such courses should not be generally available under the LEO's general training programmes.

The closing date for business expansion applications is the 15th of each month to be included in the following months Evaluations & Approvals Committee Meeting (i.e - a full application submitted before the 15th January will be evaluated at February's Evaluations & Approvals Committee Meeting.)   

Please note there is no meeting in January or August.

Please contact us on 057 9357480 prior to applying for funding to ensure eligibility.