We offer a variety of financial supports to assist the start-up, development and expansion of small businesses in the manufacturing and services sectors (based upon eligibility criteria) as follows:
Priming Grant: for businesses trading <18 months
A Priming Grant is a business start-up grant available to micro enterprises within the first 18 months of startup. The maximum Priming Grant payable must not exceed 50% of the investment or €150,000 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.
Business Expansion Grant: for businesses trading >18 months
The Business Expansion Grant is designed to assist business in its growth phase after the initial 18-month start-up period. Micro enterprises that have availed of a Priming Grant are ineligible to apply for a Business Expansion Grant until 18 months after the final drawdown date of the Priming Grant except in exceptional circumstances.
The maximum Business Expansion Grant payable must not exceed 50% of the investment or €150,000 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 aid.
Feasibility/Innovation Grant:
This is designed to assist the promoter with researching market demand for a product or service and examining its sustainability. It includes assistance with innovation.
If you are setting up or expanding a business then contact us to see if you are eligible for support.
These financial supports are designed to provide a flexible suite of supports to LEO clients and potential clients. Click HERE to download our brochure on LEO Financial Supports.