How grants help to grow and develop businesses
Grants are provided by a variety of government agencies and are usually designated for specific projects or purposes. As these grants do not need to be repaid, they are highly sought after by businesses. As a business owner, you understand the significance of continuous growth and expansion. While there are numerous strategies to achieve this, utilising grants and supports can rapidly add substantial value at little or no cost. These grants can furnish your business with the essential resources it needs to soar to new heights and accomplish its objectives more swiftly.
Why choose The Agile Executive to help you access grants and supports?
We have a proven track record. We have already helped hundreds of SMEs access over € 5 million in funding and support.
We maintain a comprehensive database of all the grants and supports available to businesses in Ireland and can recommend the best ones for the specific needs of your business – some of which are often overlooked.
Not only do we assist you in identifying potential grants, but we also provide end-to-end support throughout the application process. We take care of all the intricacies involved, ensuring that your application is complete, compelling, and compliant with local regulations.
Our team of experts are ready to help you on an introductory call at no cost to you. Book a free grant audit today.
Understanding the basics of business grants
A grant is a sum of money given by a government, organisation, or institution, typically for a specific purpose or project. Unlike loans, grants don’t need to be repaid, making them a sought-after financial instrument for businesses aiming to innovate, expand, or undertake specific projects. Business grants are valuable resources for businesses seeking financial assistance. They can help reduce costs, improve profitability, and support growth and development. Accessing grants requires understanding the application process and eligibility criteria. Explore the world of business grants to unlock funding opportunities for your business.
Benefits of grants for business growth
Grants are vital for business expansion, providing financial backing for growth strategies. These grants enable them to fund product development, market research, operational excellence, energy efficiency and business expansion (for example). They also provide access to technology adoption, training programmes, and capacity building for small businesses. Grants level the playing field, allowing start-ups and small businesses to compete with larger companies and overcome financial challenges, accelerating their growth.
What types of grants and supports are available in Ireland?
Here are some of the main types of supports provided, the types of improvements those supports are intended to facilitate and the bodies that provide the support.
- Going digital (applies to all
aspects of your business)
- Making your business more environmentally friendly (green)
- Strategy development
- Energy use audits
- Improving energy use
- Enterprise Ireland
- Local Enterprise Offices
- Small Firms Associations
What are the criteria for eligibility for business grants?
To qualify for business grants and support, companies often need to meet specific criteria set by grant providers. Common factors include the type and size of the business, its industry, and its location. The purpose of the grant, such as funding research or promoting eco-friendly practices, also plays a role. Businesses might be asked to present a clear business plan, demonstrate financial stability, and, in some cases, match the grant amount with their own funds. Additionally, a track record of good standing and compliance with local regulations is typically essential. It is important to understand the unique requirements of each grant to improve the likelihood of a successful application.
Would you like more information?
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