. One of the biggest challenges Irish SMEs face when trying to grow their business is seeking financial support from government agencies but with the right accountants business funding for Irish SMEs can be made easy. Many applications can require a lot of work, too much work for some companies who feel overwhelmed just by the thought of having to fill out more forms, particularly if it is a first-time application. These forms require a lot of information about you and your business.
For those who do not have a cloud-based accounting system, the company information can be a bit of a quagmire to obtain.
Picking the right accountant
Picking an experienced, professional accountant to help you with applications can take the headache out of applying for business funding. It can be the difference between you receiving government funding, or not receiving funding.
Both Enterprise Ireland and the Local Enterprise Office (LEO) are keen to give companies money. But because it’s public money they are handing out, they must be responsible for it.
aperio has worked with Enterprise Ireland clients of all sizes and from various industries, giving us years of expert knowledge on how best to help you on your funding journey.
What are your company’s needs?
Our first piece of advice is to check out what supports your company’s needs and then look at which agency will best suit those needs. This is where our huge experience in this area makes a difference. We have worked with so many clients on a huge range of projects that we can evaluate your project from the outset and best advise you which agency will suit you best.
As an approved service provider and mentor to Enterprise Ireland clients, we can help eligible companies identify and apply for funding support. There is a wide range of supports available to cover areas including operational/process improvements, people development/training, culture, productivity & quality, strategy & growth (incl researching/validating new markets).
Many companies are not familiar with the support that may be available to them. These businesses could be missing out on an opportunity to scale their business. They could also upskill their staff and seek support for researching/validating new markets.
Examples of Business funding
You may be eligible to apply for the Enterprise Ireland Digitalisation Voucher. This voucher will fund 100% of the cost of a €9,000 consultancy engagement to begin or develop your Digital plans.
That takes a huge cost burden off your company. This empowers companies to work with external consultants to identify where they are on their digital journey. From there, they can create a plan for digital adoption based on where the business is right now.
Local Enterprise funding
Your Local Enterprise Office (LEO) should not be forgotten about either. It provides a range of financial support as well for Irish SMEs. The LEO supports are for businesses in Ireland employing between 1 and 10 employees.
For many Irish SMEs, particularly local businesses, the Local Enterprise Office (LEO) is generally the first of the government agencies they will deal with when searching for business funding. The type of support will be very much dependent on the client’s needs. They include trading online vouchers, priming grants, employment grants and more. As an approved provider for LEO, we can help eligible companies identify and apply for funding support.
Book A Free Consultation
Are you looking for professional help? aperio is a Cork-based outsourced accounting and consulting company that can take care of all your company formation, bookkeeping, management accounting, financial compliance, and financial project work such as grant applications.
Click here to schedule a call with us.