Factsheet for measure
IE-2020-14/793
– measures in Ireland
COVID-19 business financial planning grant
Background information
The COVID-19 Business Financial Planning Grant is a new support for Enterprise Ireland clients and those manufacturing or internationally traded services companies that employ 10 or more full time employees.
The grant is designed to help companies to develop a robust financial plan, including the preparation of documentation required to support applications for external finance from banks and/or other finance providers (including Enterprise Ireland). The COVID-19 Business Financial Planning Grant, worth up to €5,000, will enable companies to access external support from approved financial consultants to prepare a financial plan to secure the company in the short to medium terms.
Content of measure
The grant is targeted at all Enterprise Ireland client companies and is also open to clients of other semi-state bodies (Údarás na Gaeltachta, IDA etc) that employ 10 or more full time staff and are manufacturing and/or in internationally traded services.
Grant support is available up to €5,000 (100% of expenditure) for an engagement with an approved external consultant. The resulting financial plan should help the company to understand its immediate financial position, secure the finance it requires to survive and provide a framework to sustain the business. It should also ensure that the company has a framework to identify and manage its costs and gaps in funding.
Use of measure
According to the Department of Enterprise, Trade and Employment: 1,034 applications were received. As of 31 December 2020, 989 were approved with a total value of €4.88 million.
According to the Department of Enterprise, Trade and Employment, up to 5 March 2021: 1,025 applications were approved with a total value of €5.07 million.
According to the COVID-19 and Brexit Business Supports Tracker 2021, 1,092 grants were approved with a value of €5.37 million, as of 24 September 2021.
According to the COVID-19 and Brexit Business Supports Tracker 2022, 1,107 grants were approved with a value of €5.51 million, as of 7 January 2022.
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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Other businesses
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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National government
Public support service providers
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement as case not in social partner domain
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No involvement as case not in social partner domain
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
-
Main level of involvement: Unknown
Involvement
N/A
Views and reactions
No involvement.
Sources
