Large Company Funding - Enterprise Ireland (2022)

This section sets out the main funding supports and programmes for large companies in the manufacturing and internationally traded services sectors. A large company is a company that employs greater than 250 employees, has either an annual turnover of greater than €50m or an annual balance sheet of greater than €43m. Note: Previous funding approved by Enterprise Ireland may impact on your eligibility for the following supports. Please consult with your Enterprise Ireland Adviser (DA) to discuss.

Funding decisions are determined by the;

(Video) High-potential start-ups at the Enterprise Ireland Showcase 2022

  • Need for financial support for the project
  • Potential employment and sales growth
  • Previous funding provided to the company
  • Regional location of the company

If your Development Adviser instructs you that this is an ERDF project, click on ERDF Information for Clients.

(Video) Funding for Your Business 1 - Enterprise Ireland

Market Research and Internationalisation Supports

  • Evolve Strategic Planning Grant
    The  Evolve Strategic Planning Grant is designed to support Enterprise Ireland clients to respond to the challenges and opportunities, which have arisen as a result of changes to the trading environment in the UK since January 1st, 2021. The grant— which offers up to €5,000 in support— can be used to help cover consultancy and international travel and travel expenses associated with a short assignment to determine how the company might respond to the threats and opportunities that have arisen as a result of changes to the trading environment in the UK.
  • Market Discovery Fund
    The aim of the Market Discovery Fund is to incentivise companies to research viable and sustainable market entry strategies in new geographic markets. It provides support towards internal and external costs incurred when researching new markets for products and services.
  • Excel at Export SellingExcel at Export Selling is a series of workshops aimed at rapidly embedding the proven tools of good international selling practice into the sales teams of Irish companies across all industry sectors.
  • International Selling ProgrammeTargeting company management and sales staff, this 10 month programme enhances company ability to access new markets and accelerates export sales growth. Delivered in conjunction with Dublin Institute of Technology (DIT) in partnership with a panel of world-class experts and practitioners.

Supports for Product, Process or Services Development

  • Evolve Strategic Planning Grant
    The  Evolve Strategic Planning Grant is designed to support Enterprise Ireland clients to respond to the challenges and opportunities, which have arisen as a result of changes to the trading environment in the UK since January 1st, 2021. The grant— which offers up to €5,000 in support— can be used to help cover consultancy and international travel and travel expenses associated with a short assignment to determine how the company might respond to the threats and opportunities that have arisen as a result of changes to the trading environment in the UK.
  • Exploring Innovation GrantCan be used to investigate the feasibility of developing a new product, process, technology or service offering.
  • Supporting the development of new or substantially improved products, services or processes. Projects may range from solving technical challenges (R&D) to innovations in services delivery or business models (Business Innovation).
  • Agile Innovation Fund
    Agile Innovation projects supports companies in sectors with rapid design cycles to maintain their technology position. The benefits of this grant are that it allows for a very simple application process and delivers a very fast response from application to approval.
  • Business Innovation
    Supporting investment in the implementation of new production, delivery or organisational methods within a company in order to increase competitiveness on global markets.
  • Innovation Partnership Grant ProgrammeOffers financial support to companies who engage in collaborative research projects with Irish universities and Institutes of Technology. The proposal process and administration of the project is managed by the participating third level research institution.
  • Horizon Europe and other EU Research Funding ProgrammesIf your company is interested in working on collaborative research projects with research partners across Europe, there are a range of international research programmes designed to foster collaborative cross-border research between companies in different member states.
  • Innovation 4 Growth Programme
    Targeted at ambitious companies seeking to drive growth through innovation, this programme supports companies through an end-to-end innovation learning and practice journey to deliver on one or more innovation initiatives.
(Video) Enterprise Ireland Start-up Showcase 2021: Irish start-ups with great potential

Supports to Enhance and Develop your Management Team

  • Leadership 4 Growth (L4G) ProgrammeDelivered in conjunction with Stanford University this flagship programme is designed to develop and enhance the leadership ambition, mindset and capability of Irish CEOs and their senior management teams to lead innovative, scalable companies, capable of achieving sustained international growth.

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Productivity, Sustainability and Business Process Improvement Supports

  • Ukraine Enterprise Crisis Scheme
    Enterprise Ireland is helping Irish businesses to manage the economic impact of the current crisis in Ukraine. The scheme is aimed at businesses experiencing significant difficulty as a result of increased energy costs.
  • Evolve Strategic Planning Grant
    The  Evolve Strategic Planning Grant is designed to support Enterprise Ireland clients to respond to the challenges and opportunities, which have arisen as a result of changes to the trading environment in the UK since January 1st, 2021. The grant— which offers up to €5,000 in support— can be used to help cover consultancy and international travel and travel expenses associated with a short assignment to determine how the company might respond to the threats and opportunities that have arisen as a result of changes to the trading environment in the UK.
  • Building Information Modelling (BIM)Enterprise Ireland offer’s two levels of support for clients who wish to scope out and then implement a digital roadmap to drive growth within their organisation. BIM-Enable is a 7-day strategic consultancy programme which assists companies to set out a digital roadmap and consider how they can apply BIM within their organisation. BIM-Implement places an emphasis on training and the learning and implementation of BIM across the organisation.
  • Business Process Improvement GrantGrant to support short term company projects that are designed to develop management capability and drive company efficiencies and business process improvements. Eligible Projects include either 1) LeanPlus, 2) E-Marketing or 3) Environmental Improvement Projects.
  • Climate Planning Fund for Business
    The aim of the Climate Planning Fund for Business is to help companies incorporate sustainable practices into their business in order to reduce costs, increase competitiveness and increase their agility and resilience to climate change impacts. The Climate Action Voucher, GreenStart, GreenPlus, Strategic Consultancy grants support costs for training and advisory services with grants of between 50% and 100%.
  • Enterprise Emissions Reduction Fund
    The aim of the Enterprise Emissions Reduction Fund is to accelerate the decarbonisation of manufacturing processes. The Capital investment for Energy Monitoring & Tracking (EM & T) Systems and Capital investment for decarbonisation processes grants support costs for capital with grants of between 30 and 50%.
  • Lean Start Grant
    Used to support the costs of undertaking a “Lean Start Assignment”. This is a short assignment undertaken by a Lean consultant/trainer. Eligible Expenditure is limited to the cost of hiring a Lean consultant/trainer for a maximum of 7 days.
  • Lean Transform GrantUsed to support a “Lean Transform Project". This is a large scale, extensive and holistic company transformation programme delivered by an external consultancy team of international reputation. Eligible cost include Fees for an external Lean consultant/trainer and Employee training costs and associated training costs.
  • Operational Excellence offer
    Grant to support a company transformational project. Used to encompass Lean Transform, Business Innovation and the Capital Investment Initiative into a single project.

Company Expansion Packages

  • Tailored Company Expansion PackagesIf you are planning to undertake an ambitious expansion of your company that will create employment and grow your sales in international markets, Enterprise Ireland can discuss a tailored financial support package for your company.
(Video) Big Wheel Marketing Supporting Irish Retailers in Securing Enterprise Ireland Online Retail Funding

FAQs

What supports are available for enterprise in Ireland? ›

We provide, principally through our agencies, a range of tailored supports for enterprise of all sizes in Ireland. Supports include access to finance, management development, mentoring supports, business development programmes, market supports and trade promotion.

How do startups get funding in Ireland? ›

One option is to apply for government grants. The Irish government offers a number of different schemes that startup companies can apply for, such as the Enterprise Ireland Innovation Voucher Scheme. Another option is to apply for venture capital funding from one of the many VC firms that are based in Ireland.

What is a large company Ireland? ›

“large company” means either of the following— (a) a company that, in both the most recent financial year of the company and the immediately preceding financial year, meets the following criteria— (i) the balance sheet total of that company exceeds for the year— (I) subject to clause (II), €25,000,000; or.

What type of grant aid is provided by local enterprise office? ›

Consultancy Costs – to include design fees, architect fees and legal fees. Technical Development, Prototype and Innovation – to include prototype development, innovative design, research costs and third-level college consultancy.

What is the maximum amount of grants offered by Enterprise Ireland? ›

Capital Investment Initiative Fund

The fund provides grant support up to a maximum of €250,000.

How much is the enterprise Support Grant? ›

Enterprise Support Grant

The grant, worth up to €1,000, is aimed at sole traders who do not pay commercial rates. To apply, download the COVID-19 ESG 1 application form (pdf) and return it your local Intreo Centre.

What are 3 methods of funding? ›

Retained earnings, debt capital, and equity capital are three ways companies can raise capital. Using retained earnings means companies don't owe anything but shareholders may expect an increase in profits. Companies raise debt capital by borrowing from lenders and by issuing corporate debt in the form of bonds.

What are the 6 sources of funding? ›

Here are six sources of funding to consider when seeking outside capital:
  • Small business loans. The federal government supports a number of funding opportunities exclusively for small businesses. ...
  • Small business grants. ...
  • Crowdfunding platforms. ...
  • Credit cards. ...
  • Angel investors. ...
  • Lines of credit.
20 Oct 2020

What qualifies a large company? ›

Employees: Over 1000 employees. Annual Revenue: Over $1 billion.

What is large company enterprise? ›

In small and medium-sized enterprises (SMEs) employ fewer than 250 people. SMEs are further subdivided into micro enterprises (fewer than 10 employees), small enterprises (10 to 49 employees), medium-sized enterprises (50 to 249 employees). Large enterprises employ 250 or more people.

What qualifies as large business? ›

Large business means an Employer for which fifty (50) or more persons perform work for compensation during a given week, or an Employer that is registered as a franchise or franchisee under the California Corporations Code, Title 4, Division 5, or under Federal law.

What are the 4 types of grants? ›

What are the 4 Types of Grants for Nonprofits?
  • Competitive Grants. Competitive grants are those for which a nonprofit submits a proposal that gets evaluated by a team of reviewers. ...
  • Continuation Grants. ...
  • Pass-through Grants. ...
  • Formula Grants.
22 Oct 2022

What is an example of a financial enterprise? ›

A business that provides finance and/or services, e.g. banks, building societies, credit unions, An Post, insurance companies.

How much subsidy can Some receive under the enterprise Development grant? ›

4. How much grant support can I receive? Is there a cap on funding? The Enterprise Development Grant (EDG) funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs.

What is the average amount awarded on a grant? ›

Pell Grant Award Average by State
StateTotal RecipientsAverage Award per Recipient
California938,931$4,946
Colorado115,544$4,582
Connecticut77,065$4,402
Delaware17,385$4,521
47 more rows
31 Oct 2022

How much funding do I need for my startup? ›

Estimate your costs.

According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you'll require.

What's the highest grant you can get? ›

Amounts can change yearly. The maximum Federal Pell Grant award is $6,895 for the 2022–23 award year (July 1, 2022, to June 30, 2023). your plans to attend school for a full academic year or less.

Is the New Enterprise Allowance still available? ›

The scheme ended at the beginning of 2022, however there's still a huge array of funding options available, both for benefit recipients and others.

Are Enterprise Ireland grants taxable? ›

Employment grants and recruitment subsidies are of a revenue nature and accordingly are liable to income tax or corporation tax, unless specifically exempted by tax legislation.

How much is short term Enterprise Allowance Ireland? ›

The ESG is paid to people getting the STEA on a pro-rata basis - a maximum of €1000 can be paid to people on a 9-month STEA and a maximum of €625 to people on a 6-month STEA. You must be able to make a matching contribution of between 10% and 20% to access grant support.

What is a good source of funding? ›

The main sources of funding are retained earnings, debt capital, and equity capital. Companies use retained earnings from business operations to expand or distribute dividends to their shareholders. Businesses raise funds by borrowing debt privately from a bank or by going public (issuing debt securities).

What is the best source of funding? ›

Bank loans are the most commonly used source of funding for small and medium-sized businesses. Consider the fact that all banks offer different advantages, whether it's personalized service or customized repayment. It's a good idea to shop around and find the bank that meets your specific needs.

What are the 2 most important sources of funds? ›

Equity shares and retained earnings are the two important sources from where owner's funds can be obtained. Borrowed funds refer to the funds raised with the help of loans or borrowings. This is the most common type of source of funds and is used the majority of the time.

What are the two basic types of funding used by companies? ›

External sources of financing fall into two main categories: equity financing, which is funding given in exchange for partial ownership and future profits; and debt financing, which is money that must be repaid, usually with interest.

What are funding strategies? ›

What is a funding strategy? A funding strategy is a written and agreed plan that determines the financial requirements of an organisation or group over a length of time. Generally, a funding strategy covers a three to five year timescale and details the plans for the end of that period.

What are the 2 sources of business funding and financing? ›

Debt and equity are the two major sources of financing. Government grants to finance certain aspects of a business may be an option.

Why do businesses need funding? ›

Business funding is required for many new businesses to help them get off the ground. This can be to cover costs like finding a location, building a website, hiring staff, or purchasing stock. There are many startup funding options available to businesses.

How do entrepreneurs get funding? ›

An array of policies aim to support entrepreneurs through grants and tax breaks that make capital more easily attainable. However, entrepreneurs most often turn to two forms of private external financing: debt and equity.

How do startup companies get funding? ›

Seed funding can come from family, friends, angel investors, incubators, or private equity firms. But the amount varies widely — some companies raise $10,000, while others raise $2 million. On average, companies raising a seed round are valued between $3 million and $6 million.

What is the difference between SME and large enterprise? ›

Small enterprises: 10 to 49 employees. Medium-sized enterprises: 50 to 249 employees. Large enterprises: 250 employees or more.

How do you tell if a business is large or small? ›

Research and Development Businesses

Most retail companies are large businesses if annual receipts average $7 million or more, but a car dealer, an electrical appliance dealer, or a grocery store may be a small business if it has $35.5 million or less in average annual receipts.

Is 5000 employees a large company? ›

A company must employ at least 500 workers to be classified as large.

How much revenue is considered a large company? ›

Medium-sized businesses: annual revenues between $38.5 million and $1 billion and 1,500 to 2,000 employees. Large-sized business: over $1 billion in revenue and over 2,000 employees.

What are the 3 types of enterprise? ›

Types of Enterprise
  • Sole Proprietorship.
  • Partnership.
  • Private Limited Companies (Ltd.)
  • Public Limited Companies (PLC)

What is an example of a large company? ›

Example #1 – Amazon

Amazon.com provides millions of products on its website which can be ordered by the consumers and delivered to their doorstep. The Company has become the largest retailer and one of the favorite stocks on the exchanges.

What is the difference between an enterprise and a company? ›

In most cases, an enterprise is any company that has multiple divisions, levels, departments, or groups that all contribute toward shared company goals and profit targets.

What makes a company small medium or large? ›

Small And Midsize Business (SMB)

The attribute used most often is number of employees; small businesses are usually defined as organizations with fewer than 100 employees; midsize enterprises are those organizations with 100 to 999 employees.

What are the 4 kinds of business size? ›

It comes down to two things: revenue and number of employees.
  • Small business. A small business is, well, the smallest business size. ...
  • Mid-market enterprise. Mid-market enterprises are more expansive than small businesses, but not quite as big as a large enterprise. ...
  • Large enterprise.
5 Jun 2019

What are the three common sources for grant funding? ›

There are three main sources for grant funding:
  • The government - often federal, sometimes state, and occasionally local.
  • Private businesses and corporations.
  • Foundations, which distribute many millions of dollars per year to community groups and organizations similar to yours.

What is the most common grant? ›

Program/project grants

This is the most common type of grant. Program/project grants specify that funding may only be used to support the program or project referenced in your proposal.

Is a grant a loan or free money? ›

Most types of grants, unlike loans, are sources of financial aid that generally do not have to be repaid. Grants can come from the federal government, your state government, your college or career school, or a private or nonprofit organization.

What are the 3 most important financial statements for a business enterprise? ›

The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.

What is enterprise value of a company? ›

As its name implies, enterprise value (EV) is the total value of a company, defined in terms of its financing. It includes both the current share price (market capitalization) and the cost to pay off debt (net debt, or debt minus cash).

How do you finance an enterprise? ›

Common Methods for Financing a New Business
  1. Savings.
  2. Credit cards.
  3. Friends and family.
  4. SBA Microloan Program.
  5. Angel investors.
  6. Crowdfunding.
  7. Business loans and lines of credit.
  8. Factoring.
12 Feb 2020

How many times can I apply for EDG? ›

However, you can only apply for an EDG grant in a specified area once. If you are awarded an EDG grant for Branding and Marketing once, you are no longer eligible for another EDG grant under the same category that is Branding and Marketing. However, you can still apply for EDG grants in other areas.

How much is the Enterprise Support grant? ›

Enterprise Support Grant

The grant, worth up to €1,000, is aimed at sole traders who do not pay commercial rates. To apply, download the COVID-19 ESG 1 application form (pdf) and return it your local Intreo Centre.

Is there a cap on EDG grant? ›

Eligible Small and Medium Enterprises (SMEs) in retail and F&B can get up to 80% grant on qualifying costs. SMEs in other sectors can get up to 70% grants. What is the maximum amount I can apply? Technically, there is no cap.

What support does Enterprise Ireland provide to Irish exporters? ›

Export assistance - including the provision of in-market services, local market information and the facilities of our international office network.

What is enterprise Service Support? ›

CSS Corp's Enterprise Support Services helps organizations to simplify their complex technology support ecosystems. We empower enterprises to adopt new-age technologies and help them shift from reactive to pre-emptive engagement models and deliver superior customer experiences.

What do enterprise systems support? ›

Enterprise systems integrate a number of different applications, protocols and formats. In doing so, an enterprise system allows companies to integrate business processes, such as sales, deliveries and accounts receivable, by sharing information across business functions and employee hierarchies.

How does Enterprise Ireland help Irish companies? ›

Enterprise Ireland provides hands-on support to companies, promotes awareness of the benefits of innovation and provides important funding support in the form of both grants and equity and promotes awareness of incentives such as the tax credits and incentives available.

Why are companies attracted to Ireland? ›

By establishing their business in Ireland, they are able to access a highly skilled workforce. The presence of so many tech giants in Ireland has created a cluster of highly educated and talented employees. In addition to this, many high growth companies work with well-established tech multinationals.

Is Enterprise Ireland a government agency? ›

About. Enterprise Ireland is the government organisation responsible for the development and growth of Irish enterprises in world markets.

Why do companies outsource to Ireland? ›

Ease of doing Business:

According to the IDA, Ireland's strong and legal regulatory landscape makes the country an attractive and stable place to do business. On a practical level, Ireland's geographic location makes Ireland a gateway to world markets, with strong ties to both Europe and the United States.

What are the three types of enterprise systems? ›

The 3 Types of Enterprise Systems
  • Customer Relationship Management. Customer relationship management (CRM) is a software that helps organizations present a consistent message about customer insights by gathering the latest information about a lead. ...
  • Enterprise Resource Planning. ...
  • Supply Chain Management Systems.

What are the examples of enterprise? ›

Examples of enterprises

Pelz-Sharpe says all Fortune 500 companies are considered enterprises. That includes companies such as Ford, Microsoft, GE, and Oracle. Edge's list includes Walmart, Exxon, Apple, Amazon, UnitedHealth Group, McKesson, CVS, and AT&T.

What are types of enterprise services? ›

Service enterprises include many kinds of businesses. Examples include dry cleaners, shoe stores, barber shops, restaurants, ski resorts, , and hotels.

What are the 5 five components of enterprise? ›

5 Key Components of a Successful Enterprise Architecture Function
  • Governance. Enterprise architecture (EA) requires governance, however not in the form of complex documents, forms or processes. ...
  • Talent. ...
  • Executive Sponsors. ...
  • Scope. ...
  • Business Value.
11 Aug 2014

How does enterprise make a business successful? ›

Enterprise systems ultimately reduce the cost of running a business, which means that a company will have more of its budget free to increase customer service capabilities or invest in other assets that can improve the customer experience.

What are the 4 major enterprise applications? ›

The Four Types of Enterprise Systems
  • Enterprise Resource Planning (E.R.P.) Systems. ...
  • Supply Chain Management (S.C.M.) Systems. ...
  • Customer Relationship Management (C.R.M.) Systems. ...
  • Knowledge Management Systems (K.M.S.)
25 May 2021

Why do multinational companies invest so much in Ireland? ›

Ireland represents a strategic European base due to our pro-business, low corporate tax and skilled workforce. As a result, more than 1,200 multinational companies have chosen Ireland as their investment platform.

Why are so many companies based in Ireland? ›

Ireland's membership of the European Union means that US companies can trade freely with Ireland and have easy access to the European market. Ireland's low corporate tax rate of 12.5% is another major factor that attracts US companies. This is significantly lower than the US corporate tax rate of 35%.

What benefits do multinational companies bring to Ireland? ›

There are double tax treaty agreements in place with 72 other countries and the 12.5 percent corporate tax rate is one of the lowest in the EU. Other advantages include an attractive holding company regime and tax incentives for certain types of investment.

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