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 €7,500 per full time job created shall apply in respect of any employment support granted.

    A percentage of any grant assistance will be in refundable form at the discretion of the LEO.

    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 €7,500 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.

Related Documents

 

Share: