Dáil Éireann Debate, Wednesday - 6 April 2016
224. Deputy Finian McGrath asked the Minister for Jobs, Enterprise and Innovation to provide support to a person (details supplied) in Dublin 5 who wishes to establish a business; and if he will make a statement on the matter. [5483/16]
View answerMy Department and its Agencies have a number of supports available for those considering starting a business. The Local Enterprise Offices (LEOs) are now the ‘first-stop-shop’ State support service for micro and small businesses in each local area. The LEOs provide advice and direction, covering all government supports and requirements, to anyone who wishes to start or expand a business. They can also provide funding for projects that meet certain criteria, generally with regard to export potential, and other non-financial supports such as training and mentoring.
In addition, any business can use the LEOs to help them to access finance from Micro Finance Ireland (MFI), which offers loans of up to €25,000 to start-up, newly established or growing micro enterprises (employing less than 10 people) with viable business propositions that do not meet the conventional risk criteria applied by the banks. Applications for the Microfinance Fund should be channelled through the local LEO. Further information is available on the LEO website at www.localenterprise.ie.
Businesses can also access the ‘Supporting SMEs’ online search tool that was launched last year. By answering eight questions, a small business will be able to:
- Find out which of the over 80 Government business supports from 27 different Government Departments, Agencies and Initiatives are available to them;
- obtain information on the range of Government supports for accessing credit;
- identify their nearest Local Enterprise Office where they can discuss the outcomes of the guide further;
- download all these filtered results into a document for their further use.
Supports available from the LEOs include:
- Start-your-own-business training courses,
- Market research information,
- Business planning advice and templates,
- Access to experienced business mentors, and
- Feasibility grants and co-investment for your plans.
The ‘Supporting SMEs’ Online Tool is available at: www.actionplanforjobs.ie.
For enterprises in the Dublin City Council area the contact details for the LEO Dublin City are: Civic Offices, Block 4, Floor 1, Wood Quay, Dublin 8, Tel: 01 222 5611/2, email: info@leo.dublincity.ie.
Enterprise Ireland (EI) offers a range of start-up supports to entrepreneurs in relation to businesses with potential to trade internationally. EI’s Competitive Start Fund was launched as a direct response to the needs of early-stage client companies regarding financing in the start-up and market-launch process. Another key programme is EI’s New Frontiers Programme which was developed to support entrepreneurs and accelerate the development of sustainable early stage businesses with strong employment and growth potential.
