It was announced today that a €241,000 cash injection has been approved by the Local Enterprise Office Fingal through a number of its grant schemes aimed at supporting small businesses.
Announcing the latest investment of over €241,000 in small businesses, LEO Fingal stated that 2017 has seen significant growth in employment in the small business sector.
The twenty one (21) Fingal small businesses and start-ups that were approved for financial supports this quarter by the Local Enterprise Office Fingal are poised to create a number of new jobs. Twenty new positions are being created immediately and it is expected that over the next 3 years more than 37+ additional jobs will result from the LEO Fingal funding.
The Mayor of Fingal Cllr. Mary McCamley and the Chief Executive of Fingal County Council Paul Reid presented grant approval letters to the successful businesses at a specially convened awards event in County Hall. The local businesses were approved for business priming grants, business expansion grants, feasibility study grants and E-commerce grants.
A ‘Business Priming Grant’ is an early stage grant for qualifying small businesses, in their initial 18 months. A ‘Business Expansion Grant’ is designed to assist businesses in their growth phase, after the initial 18 month start-up period. Feasibility Study Grant assistance is available to individuals or businesses that wish to develop new products or services or explore international markets.
Business Priming and Expansion grants are generally up to a maximum of €80,000 per application, while Feasibility Study grants are €20,000 maximum. The Trading Online Vouchers grant is part of the National Digital Strategy aimed at supporting Irish small businesses while they enhance their online presence.
Speaking today, the Mayor of Fingal, Cllr. Mary McCamley commented, "In Fingal we are proud of our reputation in cultivating enterprise and the Council has a very important role to play in ensuring that we have a supportive and encouraging environment to enable people to set up and expand their enterprises. I am delighted to see so many fantastic and innovative businesses emerging with support from Fingal County Council and I wish each and every one of you well in your journey."
Source: www.businessworld.ie
