Enterprise Ireland schemes

Sustaining Enterprise Fund

A €180m fund has been introduced to help sustain companies that have been impacted by a 15% or greater reduction in turnover/profit, and have significant costs as a result of the COVID-19 outbreak.

The fund is available to eligible companies that:

Businesses qualifying under the scheme will be offered a repayable advance of up to €800,000 under the following terms:

  • 3-year grace period;

  • Annual administration fee of 4%;

  • Repayment in full by the end of year 5, on successful achievement of the project objective.

This fund will be used to support the implementation of a business sustainment plan which must be provided by the company outlining the eventual stabilisation of the business and a return to viability. The Enterprise Ireland Business Financial Planning Grant, below, will assist companies to develop this business plan.

Further details are available on the Enterprise Ireland website.

Business Financial Planning Grant

Grants of up to €5,000 will be available to Enterprise Ireland and Údarás na Gaeltachta clients and manufacturing or internationally traded services companies that employ 10 or more full time employees that want to access consultancy support to undertake immediate finance reviews. This includes the engagement of external financial advisors to:

  • Understand immediate liquidity issues;

  • Create financial plans to secure external finance;

  • Advise on ways to mitigate the current crisis.

Application forms and details are available on the Enterprise Ireland website.

Back to COVID-19 Business Hub