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Minister opens second call for €1.25m fund for Irish retailers

Written by Robert McHugh, on 6th Jun 2019. Posted in General

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Minister for Business, Enterprise and Innovation, Heather Humphreys yesterday announced the second call of the Enterprise Ireland pilot Online Retail Scheme which opens for applications on Wednesday, 19 June 2019. 

The €1.25m fund is targeted at online retailers to encourage acceleration of their online offerings and can be used to fund research, strategy development, implementation and training. It will remain open for six weeks, closing to applications at 3.00pm on Wednesday, 31 July 2019.

The Scheme’s purpose is to support online retailers to strategically enhance their online sales capabilities to increase competitiveness and subsequently scale their businesses in international markets.

The pilot Scheme’s second call is an initiative of the Government of Ireland and Enterprise Ireland and originates from the work of the Retail Consultation Forum, chaired by the Minister. Under this second competitive call, successful Irish retailer applicants with the ambition to internationalise through a strengthened online offering can receive funding ranging from €10,000 to €25,000.

The Online Retail Scheme is open to applications from Irish owned retail businesses with 10 or more employees, and who have a physical retail outlet.

Commenting on the scheme, Minister Humphreys said, "Retailing supports jobs in every city, town and village in the country and so it is critical that our retail sector is competing at the forefront of the digital revolution. Following the interest level and volume of applications received for the first call of the scheme, I am delighted to announce the opening of the second call for applications to support Irish retailers to develop and grow their online retail presence and effectively compete with international companies."

She added, "Increasing the international sales of Irish companies translates into sustaining and creating high-quality, sustainable jobs across the country – something that this Government is firmly focused on through the Future Jobs Ireland framework. Aligned with this, the Online Retail Scheme is intended to enable Irish retailers to expand their reach to a wider customer base both at home and abroad."

Source: www.businessworld.ie

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