Overview

Promoters of new and expanding enterprises in key priory sectors may be financially assisted through the County Enterprise Board. Applicants can apply for up to 50% of all business costs relating to a start-up or expansion. In general the maximum grant available is €75,000 with higher levels possible in certain cases. Assistance can be in the form of both grant aid and repayable assistance and are related to the potential for employment creation.

There are 3 types of financial assistance that can be applied for – priming grants for new start-up companies and those in the first 18 months of trading , business development grants for expanding businesses, and feasibility/Innovation grants for those investigating new innovative business projects.

The suite of supports remain focused on key priority sectors – including manufacturing, internationally tradable services, and businesses being established by those returning to the workforce. Assistance is restricted in sectors where displacement of existing enterprises may be an issue.

So, if you are looking to start-up a new business or expand your existing enterprise please contact James Fox on 049-4377200 at our office for further information and to discuss what financial assistance may be available from Cavan CEB .

Please note that grant assistance from the County Enterprise Board is restricted to microenterprises (i.e. having no greater than 10 employees) operating in the manufacturing, traded services and tourism sectors, and which are not likely to cause displacement of other similar businesses.

Project Selection

Priority for grant aid will be given to:

Projects in manufacturing or internationally traded services which over time can develop into strong export entities and graduate to the Enterprise Ireland Portfolio;
Tourism projects aimed predominantly at overseas visitors;
Locally provided services promoted by the unemployed, those recently made redundant, and women re-entering the workforce, which will contribute to both national competitiveness and local development but will avoid deadweight or displacement (see below)

Restrictions

The following are ineligible for grant aid:

Retrospection (i.e. expenditure incurred or jobs created prior to the date of grant approval);
Proposed Projects which do not present a good case for commercial viability;
Projects involving primary agricultural production;
Businesses employing more than 10 people;
Retailing;
Most professional services / trades;
Projects contrary to EU or national policy;
Where potential for job displacement exists;
Existing clients of Enterprise Ireland/IDA Ireland, or projects qualifying for other state agency or EU supports.
Mobile assets/means of transport e.g. cars, vans etc.
Projects deemed to be capable of proceeding in any event without Board support (i.e. Dead Weight).