How to Raise Finance for your business Donegal LEO
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Supports for small business presented by Ursula Donnelly
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How to Raise Finance for your business Donegal LEO
- 1. How to Raise Finance for your Business
- 3. The Local Enterprise Office • Local Enterprise Office – Est. April ‘14. • 1993 – 2013 Donegal County Enterprise Board. • Over 20 Years Experience in working with small business sector. • Part of the Local Authority, Service Level Agreement with Enterprise Ireland and the Local Authority • National Network of 31 Offices, each with a Local Focus on needs, driven by the local enterprise strategy
- 4. The Local Enterprise Office is the first point of contact for any person interested in starting a business in Donegal or for established businesses employing less than 10 persons • Management Development & Training • Business Information Service , • Mentoring & Business Advice •Grant aid to eligible businesses • (roughly 20-30 grant aided projects per year) • Sectoral Initiatives • Schools Competitions • General local economic development. What do we do?
- 5. Grant Aid • Feasibility/Innovation Grant Aid • (60% to max €20,000) • Priming Grant Assistance less than 18 months in business (50% to max €80,000) • Expansion Grant Assistance over 18 months in business (50% to max €80,000) • Clear Application and Evaluation Process. • National eligibility criteria apply • Jobs Related Funding • Evaluation & Approvals Committee • Chief Executive of Donegal County Council • Enterprise Ireland. • Independent Representatives X 5
- 6. Stats at a glance for Donegal LEO for 2015 Total Number of training participants 1,417 - Business Week 294 - Start Your Own Business 81 - Irelands Best Y E 57 - Digital diploma & w/shops 155 - Trading Online Vouchers 200 - Management. Development 63 •Number of mentoring assignments 30 • •Number of Business Advice one to one meetings 294 •Enterprise Promotion activities 2015 • Feile Na Tuatha, • Blas Na hEireann, • Donegal Food Festival, • Homegrown Food Festival, • Ploughing Championships, • Showcase Ireland, • Client Case Study Videos, • St. Patrick’s Day - Nottingham 2015 Grant Aid €222,302 Spend €222,302 & RA €21,000 2015 Training and Soft Supports Budget €224,662 – Spend €274,662 Employment survey 2015 – 777 full time jobs 355 p/t
- 7. Contact Details Local Enterprise Office Donegal County Council Enterprise Fund Business Centre Ballyraine Letterkenny Tel: 074 91 60735 Twitter@donegalleo email: info@leo.donegalcoco.ie www.localenterprise.ie/donegal