Business Expansion Grant

Summary

A Business Expansion Grant is  designed to assist the business in its growth phase after the initial 18 month start-up period

Priming grants may be available for sole traders, partnerships or limited companies that fulfil the criteria under 'Eligibility Criteria'

Details of Business Expansion Grants:

  • The maximum Business Expansion Grant payable must not exceed 50% of the investment or €150,000, whichever is the lesser.
  • 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 up to €15,000 per full time job created shall apply in respect of any employment support grant aided

Expenditure may be considered under the following headings:

  • Capital Items - These include fit out of workspace, office equipment, machinery, computer costs hardware & software etc (Note acquisition of buildings and purchase of mobile assets are excluded from grant aid).
  • Salary Costs - see 'Priming Grant', salary costs section, as expenditure criteria are the same
  • Utility Costs - These include installation costs for telephone, broadband and three-phase electricity. (Note mobile phone costs are excluded, as are utility costs and overheads).
  • Marketing Costs - see 'Priming Grant', salary costs section, as expenditure criteria are the same
  • Consultancy Costs - These include design fees, patent costs, architect, accountant and legal fees.
  • Business Specific Training - Costs here refer to specialized management or key personnel training that are required to ensure the growth of the business. Such courses should not be generally available under the Boards general training programmes.

Note: If approved, grant funds are not paid retrospectively (i.e. not paid on expenditure paid by the business owner prior to receipt by a LEO executive of the approved application documentation). If approved 50% of the amount received by the business is repayable to LEO Wicklow (over 5 years, interest free, with a one year moratorium on commencement of repayments).

 

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