13 May Enterprise Ireland’s Covid-19 Online Scheme
Don’t wait to avail of Enterprise Ireland’s Covid-19 Online Scheme. Now is the time to invest in your online store and integrate fully with your Meridian EPOS and Stock Management System. Receive up to €40K in support. Time is running out. Completed applications need to be in with Enterprise Ireland by Wednesday 27th May. For more information here.
The Department of Business, Enterprise and Innovation (DBEI) has proposed this Scheme in response to the Covid-19 crisis and the urgent need for retail companies to achieve a step change in online capability.
This is a Competitive Fund which will be administered by Enterprise Ireland on behalf of DBEI with a total fund size of €2m.
Applications for funding will be invited through a public Call for submission of projects. This Call open and close dates to be confirmed.
The purpose of this fund is to enable Irish-owned retailers to enhance their digital capability and to develop a more competitive online offer, that will enable an increase in their customer base and build a more resilient business in the domestic and global marketplace both online and offline.
Successful applicants will be awarded funding to support a maximum of 80% of the project eligible costs with a maximum grant of €40,000.
Typical elements involved in developing a sophisticated and transactional online presence include research, consultancy costs for strategy development, implementation and training.
Who can apply?
The applicant must be an Irish-owned retail enterprise that had 10 or more employees on or before 29 February 2020 and has the potential to sustain or create jobs, generate growth in online transactions and with an ambition to internationalise their business in future. An application must be submitted in the name of a company registered with the Companies Registration Office and incorporated in the Republic of Ireland at the time of application. The business must also:
- have an existing online presence (e.g. website or social media);
- have a retail outlet and derive the majority of revenue from the retail outlet(s);
- Must employ at least 10 employees in the Republic of Ireland (on a full-time equivalent basis on or before 29 February 2020);
- Previous applicants of the Online Retail Scheme who were unsuccessful will be eligible to re-apply with a modified proposal under this Call. Successful applicants in previous calls are eligible to re-apply under this call, once they have fully completed the project funded, fully claimed all eligible costs and propose a clearly different project to that undertaken under previous calls.