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.
Business Expansions Grants can fund up to 50% of qualifying costs . Grants in excess of €80,000 shall be the exception unless export potential and potential graduation to Enterprise Ireland are proven. Eligible costs include capital costs, salary for 1st year of employment, rental accommodation, utility costs, marketing costs, consultancy costs and business specific training.
All Business Expansion Grants are awarded on the basis that a minimum of 30% of the award will be in refundable form.
- Repayment takes place over a period set out by the Board normally three years.
- A rate of 0% is charged.
- A moritorium on repayments of eighteen months will apply.