Dáil Éireann Debate, Thursday - 2 February 2023
183. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the capital, current and total 2023 budget allocation for the crisis response business financial planning grant, in tabular form; and if he will make a statement on the matter. [5383/23]
View answerThe Crisis Response Business Financial Planning Grant funded through Enterprise Ireland is a strategic intervention to assist companies to prepare a detailed financial plan and to assess the impact of currently emerging impacts on their business.
The grant offers up to €5,000 (100% of expenditure) for an engagement with an approved external consultant to:
- understanding the impact of the war in Ukraine, increases in input and energy costs, currency fluctuations and supply chain disruptions on working capital
- understanding any immediate liquidity issues (if any)
- creating a financial plan to secure external finance (if required)
- developing a framework to manage the finances of the business.
The offer seeks to encourage companies to be proactive in developing a detailed financial plan that identifies funding needs and potential sources of funding.
I can confirm that the grant is funded through Enterprise Ireland’s A7 Capital Budget as one of the constituent programmes funded from the financial supports to Industry allocation of €30 million.
The total amount approved in 2022 in respect to the crisis response business financial planning grant was €94,527.00
