Priming Grant

Priming Grants

(For Businesses Trading < 18 months)

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 available for sole traders, partnerships or limited companies that fulfill the following criteria:

  • Located within County Westmeath.

  • 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 potential to trade internationally.

  • A domestically traded services business where the potential for deadweight and displacement does not exist.

    Grant Aid Available

    If your proposed project is deemed eligible and if you satisfy the various criteria for acceptance, the maximum aid available is 50% of the VAT exclusive costs to a maximum of €75,000.

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

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

    A promoter (grant aided business/individual) may not receive in excess of €200,000 within any one three year period from State Aid.

    WHAT CAN YOU RECEIVE A GRANT FOR?

    Expenditure may be considered under the following headings:

    Capital Items - including fit out of workspace, office equipment, machinery, computer costs. (Note: acquisition of building and purchase of mobile assets are excluded from grant aid) Capital grant is not available forwards building costs.

    Salary Costs.  For first year of employment.  Maximum grant aid available of €15,000 per new full time job created. The job must be created for a minimum three year period.

    Utility Costs.  These include installation costs for telephone & broadband. (Note mobile phone costs are excluded)

    Marketing Costs. These include packaging, brochures, trade fairs, website design and development, and other marketing initiatives.

    Consultancy Costs.  These include design fees, patent costs, architect, accountant and legal fees.


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 the Local Enterprise Office Westmeath first to discuss your business idea/proposal to confirm eligibility for assistance.

 

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:

 

Priming Grant Link https://submit.link/Q

Application Forms for all LEO Grant Supports are available here in both Irish and English.