A. The County Enterprise Board has 3 types of grants available: -
(i) Priming Grants - up to 50% of capital expenditure to a maximum of €80,000* ( an element of which is refundable)
(ii) Business Expansion Grants - up to a maximum of €80,000* per new full-time employee
(iii) Feasibility Study Grants (up to 60% of the cost to a maximum of €10,000*)

*Higher levels available in exceptional circumstances. See section on Financial assistance for further information.

 

A. A Feasibility Study Grant can be used to assess the viability of a business proposal. This can include research and development, prototype production, test marketing, consultancy advice, financial projections, the preparation of a formal business plan and generally seeks to conclude whether an innovative new service should be developed or a new product should be taken to production stage. It is important to remember that if you are grant approved for a Feasibility Study/Business Plan that you will not be paid grant monies until a Feasibility Study/Business Plan of an acceptable standard has been submitted to the Enterprise Board. A maximum of 60% of the cost of preparing a Feasibility Study/Business Plan, subject to an overall limit of €10,000 in the case of a single project, is available.

A. A Priming or Business Expansion Grant may be sought to purchase equipment, to refurbish or outfit a building, or to purchase machinery (which in some instances may be second-hand). A maximum of €80,000 or 50% of the net cost of eligible expenditure whichever is the lesser in a new or expanding business, subject to at least that portion of the incentive in excess of 40% being in refundable form (equity/repayment grant). Capital grants are paid on the basis of expenditure net of VAT being properly vouched and certified.

Q. How is a grant towards employment paid if it forms part of a grant approved ?

A.  Grants related to staffing are paid in two parts. The first half of the grant is paid when the person is taken on (on a full time basis) and registered for PRSI. The second half of the grant is payable six months later, assuming the person is still in full-time employment. Employers will be required to show that the employee has been registered and is being returned for Income Tax, and that a Tax Deduction Card is available for inspection. In some cases a staffing grant may also apply to a person starting up his/her own business where other state assistance is not also provided at the same time.

 

Grants are only paid in respect of additional fulltime employees who are not in receipt of other Social Welfare payments or may be on any BTW allowance scheme.  

 

Staffing grants can only be approved where it is shown that job shortages do not exist in that particular sector.

 

A. Individuals looking to establish a new business or small existing businesses looking to expand their operations should in the first instance contact the County Enterprise Board at 049-4377200 seeking to discuss their project (in confidence) with a staff member.

 

Following that a completed application form with requested supplementary information will be requested.
Cavan County Enterprise Board’s offices are located in Cavan Innovation and Technology Centre, Dublin Road, Cavan. Tel: 049-4377200.
The project is assessed on the basis of eligibility and viability (commercial and technical) by an Evaluation Committee. If approved by the Board an offer of grant assistance will be made in writing. Depending on the scheduling of Board meetings a decision can take approximately 4-6 weeks from receipt of completed application form and all requested supplementary information.

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