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Applications open for new €2m Covid-19 online retail scheme

Written by , on 30th Apr 2020. Posted in Financial

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Minister for Business, Enterprise and Innovation, Heather Humphreys has announced that applications are now open for the new Enterprise Ireland €2 million Covid-19 Online Retail Scheme to support retail companies to enhance their digital capability. 

The new fund, which builds on two previous calls of the pilot Online Retail Scheme, will be open to indigenous retailers with a physical store and employing 10 or more people to develop a more competitive online offer in response to the Covid-19 crisis.

The Scheme aims to address the urgent need for retail companies to achieve a step change in online capability to achieve business continuity, and to lay foundations for future recovery and growth.

Successful applicants will receive financial support of up to 80 percent of eligible project costs, with funding ranging from €10,000 to €40,000 under the competitive call.

The €2 million fund operated and administered by Enterprise Ireland is targeted at indigenous retailers with a pre-existing online presence to accelerate their online offerings to respond to both domestic and international consumer demand. The grant can be used to fund fees for service providers, develop and implement a digital strategy supported by in-house training and enhance the retailer’s website.

Speaking this week, Minister for Business, Enterprise and Innovation, Heather Humphreys said, "As Chair of the Retail Consultation Forum, I understand the serious impact of Covid-19 on the retail sector. By introducing the Covid-19 Online Retail Scheme, I want to support indigenous Irish retailers to sustain their business through the crisis and into the future. It is one of two online trading schemes that has received additional funding to support firms in this difficult period."

She added, "Online trading will stand to your company for years to come. It will boost your revenue and make your business more resilient, and I would strongly encourage all retailers not already trading online to get online."

Source: www.businessworld.ie

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