Fingal Local Enterprise Office (LEO) has announced a €503,000 cash injection through a number of its grant schemes aimed at supporting 47 small and start-up businesses.
Forty seven small businesses and start-ups have been approved for financial support. This will result in 25 direct new jobs immediately, with more than 125 new jobs planned over the coming three years in some of these businesses.
The latest funding figures announced by Fingal LEO today will also result in significant additional spending in the local economy, boosting the local supply chain. Announcing the latest LEO investment of over €503,000 in small businesses in the first half of this year, LEO Fingal stated that 2018 has seen significant growth in employment in the small business sector.
The Mayor of Fingal Cllr. Anthony Lavin and the Fingal Chief Executive, Paul Reid, presented grant approval letters of offer to the successful businesses at a specially convened awards event in Swords Castle on Friday. The businesses were approved for business priming grants (for start-ups), feasibility study grants, business expansion grants, Trading Online Vouchers and Micro-Exporters’ grants.
Announcing the latest grant approvals for the Fingal businesses, Chief Executive of Fingal County Council, Paul Reid said, "I want to congratulate all the entrepreneurs and businesses that are receiving their letters of offer today. In receiving this funding, they have demonstrated to the LEO that they have the potential to grow their business and create jobs in the local economy."
He added, "The diverse mix of small businesses approved for funding is a very positive indicator that our businesses are succeeding in various different sectors. We should ensure that our local and national economic policy encourages sectoral diversity in our economy."