Sustaining Enterprise Fund
– Enterprise Ireland –
Type of scheme:
Combination of a non-repayable grant and repayable support.
Purpose:
Help businesses rebuild after the impact of Covid-19.
Funding size:
– Non-repayable grant of up to 50% of a funding package (up to €200,000).
– Repayable funding between €100,000 and €800,000 for a term of up to 5 years.
– No repayments for the first 3 years.
– Zero administration fee for the first 6 months – 4% thereafter.
Eligible costs:
Expenses to implement a Sustaining Enterprise Project Plan outlining the eventual stabilisation of the business and a return to viability.
Eligibility criteria:
– Companies that are operating in manufacturing or internationally traded service sectors.
– Companies with 10 or more full time employees.
– Companies that have seen (or expect to see) a 15% or greater reduction in actual or projected turnover or profit, or a significant increase in costs, as a result of Covid-19.
Excluded from funding:
– Companies covered by specific rules for Financial Services.
– Companies active in primary agriculture, fishery and aquaculture sectors.
– Companies operating in the coal and steel sector.
How to apply:
A Sustaining Enterprise Project Plan must be submitted
The plan is subject to completing a satisfactory due diligence process
Application forms are available from the Business Response Team within Enterprise Ireland