Since the COVID-19 pandemic began the government has provided a range of financial supports for business. As these schemes close, your business may require additional supports. In the first instance you can get free advice from the nationwide network of Local Enterprise Offices, who can talk to you about the ongoing loans and grants the government provides.
COVID-19 Loan Scheme
If you are a small mid-cap business, farmer or fisher that has been impacted by COVID-19 and are seeking a medium-term, lower cost scheme to fund working capital, investment or refinance, find out more about the COVID-19 Loan Scheme - SBCI.
COVID-19 Business Loan Phase 2
If your pandemic-impacted microenterprise is seeking a loan but does not meet the conventional risk criteria of banks, the COVID-19 Business Loan - Microfinance Ireland might be of help.
COVID-19 Life Sciences Products Scheme
If your business is looking to accelerate research and development, upscale construction or upgrade testing infrastructures and fast-track production capacity in response to the pandemic, the COVID-19 Products Scheme - IDA Ireland may be of interest.
COVID-19 Business Financial Planning Grant
Enterprise Ireland clients who are looking to finance third party consultants regarding detailed financial planning might avail of the COVID-19 Business Financial Planning grant - Enterprise Ireland.
Sustaining Enterprise Fund 2
Help your business to rebuild after the impact of COVID-19 with the Sustaining Enterprise Fund - Enterprise Ireland. This provides the funding needed to stabilise cashflow, adapt operations and innovate to meet new customer needs.
Sustaining Enterprise Fund 2 - Small Enterprise
If your small company is looking for short-term working capital to support business continuity, the Sustaining Enterprise Fund - Small Enterprise - Enterprise Ireland, might be of help. This fund provides a €25,000 to €50,000 injection to eligible smaller companies to help strengthen their ability to return to growth and be trading strongly in 3 years’ time.
Sustaining Enterprise Fund 2 - HPSU
The Sustaining Enterprise Fund 2 - HPSU - Enterprise Ireland is available to Enterprise Ireland High Potential Start Up (HPSU) companies impacted by the pandemic. If your HPSU is facing challenges in growing sales revenues as originally projected, requires funding to execute a revised business plan or are facing challenges to securing funding, it may be of benefit.
Accelerated Recovery Fund
The Accelerated Recovery Fund - Enterprise Ireland is designed to provide help to Irish companies seeking to adapt their operations and business models in order to remain competitive and return to growth following the effects of the pandemic. The fund supports eligible companies seeking to achieve an accelerated recovery underpinned by capital investment and/or adoption of a new, more digital approach to deliver enhanced sustainability.
The funding package also incorporates €9,000 Digitalisation Vouchers to provide strategic intervention for any eligible company wishing to develop a digital adaption plan based on their identified need.
Planning for the adaption of digital tools and techniques across your business? Find out more about the Digitalisation Voucher - Enterprise Ireland.
Climate Toolkit 4 Business
Tackling our carbon emissions is good for our planet, our economy and your business. Climate Toolkit 4 Business provides you with practical ways to start taking action with a clear and accessible starting point for any business, signposting them to useful climate action resources.
If however your business needs to be restructured, the Government has introduced a new rescue process which allows viable small and micro companies which are experiencing temporary financial difficulties to restructure with the agreement of creditors.
The process mirrors elements of examinership but in a simplified administrative context which reduces court involvement, making it potentially both quicker and cheaper.
This is in addition to the existing examinership and insolvency processes.