SMEs – Fortnightly Wrap Up

An update for SMEs on events and grants announced in the last fortnight.  

Fortnight commencing 8th July 2021  

Welcome to the latest edition of the WMC “Fortnightly Wrap Up” blog.

We have gathered information on various supports and new developments, that we hope will be of interest to you. 

WMC is an Irish management consultancy bringing strategic, financial, funding and commercial expertise to SMEs when they need it.  Reach out to Michelle or John for a discussion on how they can help you.

ENTERPRISE IRELAND SUMMARY

Enterprise Ireland’s have many offerings to support business we have highlighted some here:

·         Covid 19 Supports - Covid-19 Supports

·         Funding Information : here you will find a summary of all the funding supports available to you  - Enterprise Ireland Funding Supports

·         Attracting and Retaining Talent Workshops:  Enterprise Ireland Attracting and Retaining Talent

FUNDING

·         SBCI Covid-19 Working Capital Scheme is offered in partnership with the Department of Enterprise, Trade and Employment and the Department of Agriculture, Food and the Marine, and is supported by the InnovFin SME Guarantee Facility with the financial backing of the European Union under Horizon 2020 Financial Instruments.  See the link for detailed information on who can apply the criteria and other key information.  Covid 19 Working Capital Loan Scheme

·         Invoice Fair is administering the Covid 19 Credit Guarantee Scheme - COVID-19 Credit Guarantee Scheme - InvoiceFair.  They offer up to €1m with funds released within 24 hours of approval. 

·         On 24th of June Community Finance Ireland announced a £/€10 million All-Island Recovery Loan Fund, its first all-island loan scheme. The fund will offer flexible loans of £10,000-£250,000 (NI) and €10,000 to €500,000 (RoI) to community sector organisations including faith-based groups, sports clubs and social enterprises.  For more information see the link: Community Finance Ireland

·         The Department of Finance announced the Business Resumption Support Scheme (BRSS) which will be available from September 2021 and will offer cash to vulnerable but viable businesses.  

OTHER ITEMS

·         SFA – Small Firms Association Have a list Webinars and upcoming events on their website - Webinars | SFA Ireland

·         Technology Gateway and Food Tech – an interesting article looking at research and development supports.  Technology Gateway

·         Companies (Rescue Process for Small and Micro Companies) Bill 2021 – progressing through the Dáil and Seanad – watch this space for more information in due course

·         9th of July Minister for Trade Promotion Robert Troy, TD, launched the Midlands Advanced Manufacturing Action Plan 2021-2024 in Mullingar. Advanced Manufacturing Plan

CONTACT US 

For further guidance on how to avail of all the supports your business is eligible for, contact us at info@walshemanagementconsultants.ie