Title
FINANCE & GRANTS FOR EXPORTERS The WTC Dublin’s Guide to Irish SME Short Term Enterprise Allowance The Short-Term Enterprise Allowance Support
(STEA) gives support to people who have lost their job and want to start their own business. It’s paid instead of Jobseeker’s Benefit for a maximum of nine months. It ends when the entitlement to Jobseeker’s Benefit ends (that is at either nine or six months).
At the WTC Dublin, we support and promote Irish SME growth nationally and internationally. With this in mind, we have compiled a list of support options that are currently available for Irish SMEs who are either in start-up or expansion phase. View this guide to find support that best fits your current business stage from new company Three-year corporate tax exemption funding to existing company funding and Under this scheme, you can [technically] earn €120,000 tax-free for the first three everything in between. years. The scheme gives relief from STARTING: EARLY-STAGE SUPPORT FOR corporation tax on your trading income, and certain other gains new companies may COMPANIES acquire, for the first three years. Local Enterprise Office The Local Enterprise Office is for people Back to Work Enterprise Allowance interested in starting a new business If you have been out of work and in receipt or people already trading, including of social welfare for more than twelve entrepreneurs, early-stage promoters, months, under the Back to Work Enterprise start-ups and small business looking to Allowance you can keep your social welfare expand. With 31 dedicated teams across the payment for two years if you set up a Local Authority network in Ireland, Local business (year 1: 100% – year 2; 75%). Enterprise Offices offer a wide range of The Employment and Investment Incentive experience, skills and services. Scheme This scheme replaced the business Bank finance When growing a new business, talk to your expansion scheme and allows individual bank about funding options. Bank finance investors get tax relief on investments they has many features that will appeal to SMEs make in other companies. and early-stage growth businesses. You can calculate your repayments and apply Start Your Own Business scheme for a loan by visiting the website of your The Start Your Own Business scheme provides relief from income tax for longpreferred bank term unemployed people who start a new Start-up Refunds for Entrepreneurs (SURE) business. This is for people who start a company and need cash to fund its growth. You may claim OPTIMISE eCommerce fund back the income tax if you are an employee, The fund gives small business owners the an unemployed person or a person recently e-tools and know-how to ‘optimise’ their made redundant and are starting a business. existing website and grow their business online.
________24
