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Supports for Business Thomas McEvoy Head of Enterprise Louth County Council 27th March 2019
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Local Enterprise Office Louth
LEO sits at the heart of the Economic Development Unit of Louth County Council. First Stop Shop for all business needs. Seamless Integration Planning, regulations and support in one place.
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First Stop Shop for small business
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Local Enterprise Office Louth Who can we assist?
LEOs can assist small businesses if ….. Commercial venture Market for the product/service Capacity for growth and job creation For Grant purposes Up to 10 employees No Displacement and Deadweight Manufacturing / Traded Services with potential for international markets
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Local Enterprise Office Supports
Training Financial Mentoring
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Non-Financial (Soft) Supports
Mentoring Business Planning, Marketing, Market Research, Sales, Financial Management, Sourcing Finance, Human Resources, Operations, IP & patenting, product development, Quality, Safety, Consolidating costs, Social Media & Online Marketing, E-commerce & web etc. or sector specific mentoring Training Consultations All Companies
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Non-Financial Supports - Training
Start Your Own Business Start Your Own Online/Food Business Workshops Social Media Workshops Capability Development programmes for general business support and specialised areas (LEAN, food, innovation, export, female entrepreneurship, etc.) Procurement, Marketing, Data Protection, Finance, Preparing Business Plan, Record-keeping and Tax Retail Excellence Ireland
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National Enterprise Programmes
Local Enterprise Week Ireland’s Best Young Entrepreneur National Enterprise Awards Student Enterprise Programme National Women’s Enterprise Day Enterprise Villages at: National Ploughing Championship and Showcase Promotion of Community Enterprise Centres (CECs)
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Financial Supports - Grants
Eligibility requirements (for mainstream grants)…… Commercial venture Market for the product/service Capacity for growth and job creation Up to 10 employees Manufacturing / Trading Services Retail excluded from mainstream grants, but may qualify for retail supports and Trading Online Voucher
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Types of Grant aid Feasibility Priming Business Expansion
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Business Supports Roadmap – 3 steps to mitigate Brexit
1. Assess Exposure – BREXIT Scorecard 2. Prepare a Plan - Grants from Enterprise Ireland and InterTradeIreland 3. Get Supports (financial and non-financial): - Build Competitiveness - Expanding reach/ Target New Markets - Innovation - Building Scale / Finance - Advice (mentoring/ customs training)
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Step 1: Assess Exposure to BREXIT - Brexit Scorecard
Free online tool to self-assess readiness for Brexit in key areas: Strategy, Operations, Finance, Sales/ Marketing, Innovation, and People/Management Leads to LEO /EI supports package
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Step 2: Avail of Supports to Prepare a Plan & Look at Non-Financial supports
‘Prepare a Plan’ Grants: - Enterprise Ireland clients (€5,000 to prepare Brexit Plan) - Non-Enterprise Ireland clients (€2,250 InterTradeIreland Brexit Ready Voucher)
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Non- Financial supports
Tailored ‘Brexit’ Mentoring (via LEO) Management Development/ Business Training Customs Insight Course Go onto LEO / EI website View Course and/or Register to participate Export Development Workshops eg. Monaghan tomorrow, 14th March
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Step 3: Get Supports to Build Margin Four strategic responses
Optimising people, equipment, technology, and information in sourcing, production and delivery of goods and services = LEAN Prog Development of better solutions (new or improved products services or processes) to provide a strong competitive edge = Co-Innovate / Innovate Accel./ Agile Fund Competitiveness Innovation and R&D Diversifying into new international markets and new market segments within the UK and elsewhere = Export Grant Strong operational finance in parallel with strategic financial planning = Brexit loan scheme Expanding Reach Financial Management
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Competitiveness: LEAN Programme
Across all sectors Strong focus - LEO 2019 Subsidised Cost (80%) Most effective programme open Produces Results!
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Innovation: 1. Co-Innovate Programme
Manufact’g & tradable services with international potential SMEs in Border Counties & NI (contact: LEOs/LEAs) - Free Innovate Accelerate Supplementary support for Louth cos. (<10 employees) = And to help target New Markets 3. Innovation Vouchers (€5k value research at 3rd level inst.) 4. Agile Innovation Fund (R&D costs, over 18mts, up to 45%)
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Reaching New Markets Export Grant
Businesses employing up to 10 FTEs 50% of costs met, up to €2.5k grant Explore and Develop New Export Markets Manufacturing/I.T.S.; Eg. participation at trade fairs, international trade networking events, marketing materials, translation, export websites Application forms available from LEO
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Financial supports MFI (all sectors, non-secured loans <€25k, via LEO) SBCI (Brexit loans >€25k <€1.5m, via pillar banks) LEO Grant supports (Manufacturing/I.T.S.) Trading Online Voucher Scheme (training, support and grant up to €2.5k, all sectors, via LEO)
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Finally… search for ……. Local Enterprise Office Louth…..
Brexit Information Centre Irish Government’s Brexit website
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Thank you Further details available in LEO Brexit Handout Local Enterprise Office Louth, Louth County Council Town Hall, Dundalk T: E: W:
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