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Irish retailers encouraged to avail of €3.4m fund to enhance their online presence

Written by Robert McHugh, on 13th Apr 2023. Posted in General

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The Minister of State for Employment Affairs and Retail Business, Neale Richmond has encouraged retailers to apply for funding to enhance their online presence and increase online sales.

In the latest round of the Online Retail Scheme, funded by the Department of Enterprise, Trade and Employment and administered by Enterprise Ireland, retailers can access up to €25,000 in grant funding to strengthen their ecommerce capabilities.

National Reach

Since 2018, the Online Retail Scheme has allocated over €28m in funding in supporting more than 700 projects from Irish retailers. The Scheme has a national reach with more than 70% of successful retailers from the previous funding rounds based outside Dublin.

 Direct Financial Support

The Scheme provides direct financial support to retail companies to develop a more competitive online business offering to complement their in-store offering. There is €3.4m available in this round of funding.

'Benefits Are Huge'

“An online presence is no longer optional for many businesses, it is a key part of any business model and the benefits are huge," said Minister Richmond. 

“While it may be an intimidating prospect for some, the Government is determined to support businesses on this journey. The Online Retail Scheme is there to help ease this transition and I am delighted that it is again open for applications." 

Source: www.businessworld.ie

 

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