Eligibility Criteria for LEO Grants

What is the criteria for assistance ?

The Enterprise Office offers direct assistance to small enterprises through the provision of financial assistance. To be eligible for financial assistance a project must meet the following requirements:

  • The business must be established, registered and operate within County Westmeath.

  • The enterprise must not employ more than 10 people

  • The project must be capable of achieving commercial viability without continuing EU and State support

  • Add value to a product, process or service so as to generate or supplement the income of those involved

  • Demonstrate that there is adequate market potential for the business 

  • Comply with existing policies on tax and certification matters

  • Does not display deadweight

  • Ability of the promoters to carry out the project

  • The business must have potential for growth in domestic and/or export markets and have potential for new job creation.

    Priority for grant aid is given to:

  • Projects in the manufacturing or internationally traded services which over time can develop into strong export entities and graduate to the Enterprise Ireland Portfolio;

  • Unique Tourism services projects aimed predominantly at overseas visitors; - Please note only salary support may be offered to Tourism related businesses. These projects cannot give rise to deadweight and/or displacement in the local economy.

  • Financial Assistance is not available to retails businesses, personal services, professional services, construction/building services.

 

How to Apply ?

  • Before submitting an application for Financial Assistance, you are strongly advised to contact an Enterprise Officer first to discuss your business idea/proposal to confirm eligibility for assistance and arrange a meeting.

Appointments can be made with:

 

Tracey Tallon              tracey.tallon@leo.westmeathcoco.ie

Christine Charlton       christine.charlton@leo.westmeathcoco.ie

Telephone :                044–9338945

 

Supporting Documentation Required for Financial Grant Assistance :

  • Completed Application Form
  • Evidence of Borrowing Facilities / Own Funds  
  • Planning Permission      (where applicable)    
  • Health Board Approval   (where applicable)
  • Quotations, tenders and specifications for equipment and /or construction work
  • Historical Accounts (3yrs ), in the case of existing business
  • Projected Accounts - Cash-Flow Profit/Loss and Balance Sheet 
  • Certificate of Incorporation and Share Certificate, for an existing Limited Company
  • Site Drawings /Layouts (where applicable)
  • Business Plan
  • Tax Clearance Certificate

Related Documents:

 

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