A Priming Grant is a business start-up grant, available to micro enterprises within the first 18 months of start up. Priming Grants may be approved covering up to 50% of qualifying capital costs up to a maximum of €150,000 within the first eighteen months of operation. Grants in excess of €80,000 shall be the exception and shall only apply in the case of projects that clearly demonstrate a strong potential to export or graduate to Enterprise Ireland. Eligible costs include capital costs, salary for 1st year of employment, rental accommodation, utility costs, marketing costs, consultancy costs and business specific training.
All Priming 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 two years will apply.