Trading Online Vouchers

TRADING ONLINE VOUCHER UPDATE - PHASE TWO NOW OPEN - LIMITED AVAILABILITY

Local Enterprise Offices (LEOs) Trading Online Voucher

The Local Enterprise Offices (LEOs) Trading Online Voucher is a scheme, designed to assist small and microenterprises (10 or less employees) by offering financial assistance of up to €2,500 towards training and advice to help businesses trade online.  The Trading Online Voucher scheme is administered by the LEOs on behalf of the Department of Communications, Climate Action and Environment as part of the national digital strategy. The support is available to cover 90% of the costs of an online initiative and recipients can claim up to €5,000 in two vouchers worth €2,500 each. Participating in this scheme can make the process of trading online much easier for businesses. See: localenterprise.ie/Discover-Business-Supports

Trading Online Vouchers can be used for:

  • development or upgrade of an e-commerce website, such as implementing online payments or booking systems
  • purchase of internet related software - online advertising (subject to limits)
  • development of an app
  • development and/or implementation of a digital marketing strategy
  • consultation with ICT experts
  • training and support to develop and manage your online trading activity and subscriptions to low cost online retail platform solutions,

 Changes to the scheme:

On 8 April Minister Humphreys in conjunction with Minister Bruton announced amendments to the scheme intended to boost the numbers of businesses seeking to engage in online trading.  The support is available to cover 90% (previously 50%) of the costs of an online initiative and recipients can claim up to €5,000 in two vouchers worth €2,500 each.  

The vouchers are targeted at businesses with the following profile:

  • Limited or no e-commerce presence;
  • 10 or less employees;
  • Turnover less than €2m;
  • Applicant business must be trading for at least 6 Months;
  • Business must be located in the area covered by the LEO to whom they make their application i.e. LEOs cannot accept applications from businesses located outside their jurisdiction.
  • Drawdown (payment) of Voucher (completion & payment of website project & submission of drawdown documentation to LEO Roscommon) is now 4 months.   

COVID TOV

New Covid-19 Trading Online Voucher Scheme 

In response to Covid-19, the Irish Government announced changes to the Trading Online Vouchers to help small Irish businesses. Funding available under this Scheme has now increased from €2.3 million to €5.6 million. 
The following changes will also apply to the Scheme: 
  • Requirements for co-funding in respect of applications received is reduced from 50% to 10%
  • Business who have availed of a Voucher under the original Scheme can also apply for a second voucher up to €2500, if they find themselves needing to upgrade their existing ecommerce capability. This second voucher will also have a requirement for co-funding of 10%
  • Drawdown of payments for new vouchers is now in two instalments (rather than in one instalment, as before). The timeline for drawdown is now 4 months.
  • Subscriptions to low-cost online retail platform solutions are eligible under the Scheme, allowing quick establishment of an online retailing presence

This new Scheme is valid until 30th September 2020. 

What is an Online Trading Voucher?

Online Trading Vouchers are grants of up to €2500* for small businesses to develop or enhance their ability to trade online. Online Information Seminars or Conference Calls are included in the Scheme to help your business get the maximum benefit when deciding how best to use their Voucher.   

*maximum value of €2,500 or 90% of eligible expenditure, whichever is the lesser (exclusive of VAT)

Why Should Your Business Be Trading Online?

Consumer treads towards online spending is nothing new, however Covid-19, coupled with the restrictions on retail, have led many more people buying online. Despite this, small Irish businesses appear reluctant to embrace online trading, with online only 23% engaged in eCommerce sales. For micro-businesses, this percentage could be even lower.

When you consider that up to 70% of Irish consumers' online purchases are made to overseas businesses, it is clear that the Irish economy and Irish businesses are losing out. In other words, if Irish consumers are spending online, Irish businesses need to be selling online. 

Online Trading Vouchers are here to support Irish small businesses to start or improve in selling online, with Local Enterprise Office Roscommon here to help. 

How Does the Online Trading Voucher Scheme Work?

Under the Scheme, small businesses apply for funding. The application process is competitive, with a limited number of vouchers available.

Successful applicants then engage suppliers and upon completion of the work, submit a request for payment to LEO Roscommon (terms and conditions will apply)

Information seminars, available online or by conference call, support applicants and applicants MUST one of these seminars. Information seminars help businesses on how best to use their Voucher for maximum impact.

How Can My Business Apply for an Online Trading Voucher?

Contact Jeremy Cullen at LEO Roscommon: Tel: 09066 26263 or Email: jeremy.cullen@leo.roscommoncoco.ie

CLICK ON LINK BELOW TO DOWNLOAD APPLICATION FORM

Trading Online Voucher Application Form - PDF Editable Version.pdf (size 934 KB)

Trading Online Voucher Application Form - Word Version.docx (size 438.1 KB)

  • Fergal Cormican – Cormican School and Art Supplies

  • Eoghan Kenny – MammyDaddyMe

 

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