Business Startup Advice

Grants Available To Start Up Irish Businesses

At Kalc our priority is ALWAYS to make starting & running your business as easy as possible. From consultancy advice, to outsourcing options we listen to your business goals and help you plan to succeed. What many people miss out on starting a business are the many grants available in Ireland to encourage & support new business. 

In this blog our expert team explain 4 grants available for new businesses that you may not have heard about…

 

Start-up Refunds for Entrepreneurs Scheme (SURE)

The basis of this scheme is to refund tax you have paid in previous years (yes please!) to help your start-up get up and running. Under this scheme you may be entitled to a refund of up to 41% of the capital funding that you invest in your new company. The amount eligible for refund depends on the amount you plan to invest in the company and is calculated based on tax paid in the previous 6 years. More details on this scheme here

Back to Work Allowance Enterprise Allowance 

The Back to Work Allowance Enterprise Allowance supports new business start-ups where the entrepreneur starting the business has been out of work for more than twelve months & in receipt of social welfare payments in that period. The big benefit of this scheme is that while you begin your business you will be able to keep your social welfare payment for the first 2 years of your start up journey. Find the details of the scheme here

 

 
Trading Online Voucher Scheme 

The Trading online voucher scheme is designed to help your business thrive online. Whether you have no presence and need to get online, or are ready to upgrade your online offering this is the one for you. 

There are some basic criteria to ensure eligibility;

  • 10 or less employees in your company 
  • Turnover less than €2m per annum
  • Company must be trading for at least 6 months 

Through this scheme your business can apply for financial assistance of up to maximum of €2,500. Also, useful to know that you can apply more than once for this grant where the additional investment is used to upgrade your site further – introduce online booking/ payments etc. 

More info on this scheme here

Enterprise Ireland (EI) Innovation Voucher 

The EI Innovation Voucher initiative was developed to build links between Ireland's public knowledge providers (i.e. higher education institutes, public research bodies) and small businesses. Innovation Vouchers worth €5,000 are available to assist a company or companies to explore a business opportunity or problem with a registered knowledge provider More on this voucher here.

Top Tip

You can find a handy online tool here which will tell you which Irish Government supports are available to you in your planned industry, business size etc. 

Share any questions you might have with our team or via our social channels and we will cover more popular FAQs on this topic in future blogs.   

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