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Local Enterprise Office Tipperary Presentation by Rita Guinan 10 September 2014. Introduction In 1993 County and City Enterprise Boards were set up by Government as Companies limited by guarantee with 15 local directors to promote and
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01
Local Enterprise Office Tipperary Presentation by Rita Guinan
10 September 2014.<br>
10 September 2014.<br>
02
Introduction In 1993 County and City Enterprise Boards were set up by Government as Companies limited by guarantee with 15 local directors to promote and encourage local enterprise. There were 35 Boards nationally charged with implementing local enterprise action plans funded by the Department of Jobs, Enterprise & Innovation.
On 14 April 2014 under the Enterprise Boards Dissolution Act, the Government dissolved the 35 Limited Companies and established 31 Local Enterprise Offices within the Local Authorities. The LEO operates under a Service Level Agreement between Enterprise Ireland and the Local Authority and will continue to grow and develop micro and small business at local level.
The Local Enterprise Office is the First Stop Shop for anyone seeking information and support to start or grow a business in Ireland.
A Government initiative under the Action Plan for Jobs, the network of Local Enterprise Offices will deliver an enhanced and more integrated support service for micro and small business and will build on the significant achievements of the County & City Enterprise Boards over a 20 year period.<br>
On 14 April 2014 under the Enterprise Boards Dissolution Act, the Government dissolved the 35 Limited Companies and established 31 Local Enterprise Offices within the Local Authorities. The LEO operates under a Service Level Agreement between Enterprise Ireland and the Local Authority and will continue to grow and develop micro and small business at local level.
The Local Enterprise Office is the First Stop Shop for anyone seeking information and support to start or grow a business in Ireland.
A Government initiative under the Action Plan for Jobs, the network of Local Enterprise Offices will deliver an enhanced and more integrated support service for micro and small business and will build on the significant achievements of the County & City Enterprise Boards over a 20 year period.<br>
03
Enterprise Staff Rita Guinan Nenagh
Eleanor Forrest
Geraldine Manning
Madeline Ryan Clonmel
Ita Horan
Mairead English Maher
Judith Dalton<br>
Eleanor Forrest
Geraldine Manning
Madeline Ryan Clonmel
Ita Horan
Mairead English Maher
Judith Dalton<br>
04
Enterprise Supports Selective Financial Intervention
Financial assistance is awarded under three headings
Priming Grants (<18 months trading)
Business Expansion Grants (>18 months )
Feasibility/technical assistance Grants
Entrepreneurial and Capability Development
Enterprise awareness / enterprise culture
Advice, information, counselling, mentoring, training.
Management Development Programmes<br>
Financial assistance is awarded under three headings
Priming Grants (<18 months trading)
Business Expansion Grants (>18 months )
Feasibility/technical assistance Grants
Entrepreneurial and Capability Development
Enterprise awareness / enterprise culture
Advice, information, counselling, mentoring, training.
Management Development Programmes<br>
05
Primary Responsibility Commercially viable projects with job creation potential
Creation and development of sustainable micro-enterprises
Projects – up to 10 employees
Capital investment – unlimited
Priority to enterprises in the manufacturing & internationally traded services sector with the potential to develop strong export portfolios.
Locally traded enterprises promoted by the unemployed, those recently made redundant and women re entering the workforce.<br>
Creation and development of sustainable micro-enterprises
Projects – up to 10 employees
Capital investment – unlimited
Priority to enterprises in the manufacturing & internationally traded services sector with the potential to develop strong export portfolios.
Locally traded enterprises promoted by the unemployed, those recently made redundant and women re entering the workforce.<br>
06
Priming & Business Expansion Grants 50% of investment to a max of €150,000 whichever is the lesser.
Note: €150,000 will be exception in most cases it will be 50% of investment to a max of €80,000 whichever is the lesser. Grants approved locally in excess of €40,000 will now be referred to Enterprise Ireland for endorsement.
Subject to the above limits a max grant of €15,000 per job created shall apply.
A Business must be in operation longer than 18 Months to qualify for Business Expansion Grant. A business that has availed of a priming grant will be ineligible to apply until 18 months after drawdown of priming grant,
Support can cover all business costs directly attributable to starting growing & developing the business i.e. Capital, Salary Costs, Rent etc<br>
Note: €150,000 will be exception in most cases it will be 50% of investment to a max of €80,000 whichever is the lesser. Grants approved locally in excess of €40,000 will now be referred to Enterprise Ireland for endorsement.
Subject to the above limits a max grant of €15,000 per job created shall apply.
A Business must be in operation longer than 18 Months to qualify for Business Expansion Grant. A business that has availed of a priming grant will be ineligible to apply until 18 months after drawdown of priming grant,
Support can cover all business costs directly attributable to starting growing & developing the business i.e. Capital, Salary Costs, Rent etc<br>
07
Feasibility Grants 50% of investment to a max of €40,000 or €20,000 whichever is the lesser.
Eligible Expenditure includes
Product/ prototype development
Market Research Consultants fees
Financial Evaluation
Own Time €400 p.w. (Capped at 20% of study costs)
Overseas travel
Domestic Travel & subsistence
Telephone/ admin etc.
Paid based on vouched expenditure & Report<br>
Eligible Expenditure includes
Product/ prototype development
Market Research Consultants fees
Financial Evaluation
Own Time €400 p.w. (Capped at 20% of study costs)
Overseas travel
Domestic Travel & subsistence
Telephone/ admin etc.
Paid based on vouched expenditure & Report<br>
08
Refundable Aid Each Local Enterprise Office has an obligation to ensure that at least 30% of total approvals must be in refundable form.
This means that grant aid will be structured so that it is part grant and part loan. This loan is interest free and generally repaid by agreement over a maximum of 3 years .<br>
This means that grant aid will be structured so that it is part grant and part loan. This loan is interest free and generally repaid by agreement over a maximum of 3 years .<br>
09
The Project Evaluation Process – 6 Core Principles Commercial Evaluation: Is there a market for the proposed product or service and can the project secure a requisite share of the market?
Financial Evaluation: Can the project secure and repay the requisite financial investment (fixed and working capital)
Management Evaluation: Can the promoters and their management team successfully address the business development and business as usual agendas of the project?
Technical Evaluation: Are there any technical barriers to successful implementation (product or process) and can they be overcome?
Economic Evaluation: Is there a potential economic and exchequer return on the taxpayers investment – jobs direct, indirect?
Funding Evaluation: How can taxpayers money best be used to support the project and optimise its potential?<br>
Financial Evaluation: Can the project secure and repay the requisite financial investment (fixed and working capital)
Management Evaluation: Can the promoters and their management team successfully address the business development and business as usual agendas of the project?
Technical Evaluation: Are there any technical barriers to successful implementation (product or process) and can they be overcome?
Economic Evaluation: Is there a potential economic and exchequer return on the taxpayers investment – jobs direct, indirect?
Funding Evaluation: How can taxpayers money best be used to support the project and optimise its potential?<br>
10
Service Level Agreement & Metrics The Service Level Agreement covers 4 distinct areas:
Business Information and Advisory Services
Enterprise Support and Development Services
Entrepreneurship Support Services
Local Economic Development Services
Metrics
Annual targets/ metrics are agreed with Enterprise Ireland against which performance will be measured (enterprise & LA side)
The LEO will work with an agreed portfolio of Companies to scale them and help them graduate to Enterprise Ireland.<br>
Business Information and Advisory Services
Enterprise Support and Development Services
Entrepreneurship Support Services
Local Economic Development Services
Metrics
Annual targets/ metrics are agreed with Enterprise Ireland against which performance will be measured (enterprise & LA side)
The LEO will work with an agreed portfolio of Companies to scale them and help them graduate to Enterprise Ireland.<br>
11
BUDGETS/ Exchequer Allocations -Tipperary MEASURE 1 – €366,808
MEASURE 2 – €378,952 (€745,760)
Own Resource Income - €71,000
REFUNDABLE AID – €618,384
Note : These are indicative amounts<br>
MEASURE 2 – €378,952 (€745,760)
Own Resource Income - €71,000
REFUNDABLE AID – €618,384
Note : These are indicative amounts<br>
12
Sample projects supported by LEOs Manufacturing
Food production – cheese, convenience foods, sauces, rubs, relishes, preserves, meat packaging/labelling, chocolate, confectionery.
Stainless steel- kitchen equipment, railings, shop fittings
Engineering, draught stops, flue master, components, fencing
Fashion Design / millinery
Stained glass
Jewellery/ craft / pottery/ ceramics
Furniture / specialised joinery for UK (contracts)
Software programmes (manufacturing systems, safety programmes)<br>
Food production – cheese, convenience foods, sauces, rubs, relishes, preserves, meat packaging/labelling, chocolate, confectionery.
Stainless steel- kitchen equipment, railings, shop fittings
Engineering, draught stops, flue master, components, fencing
Fashion Design / millinery
Stained glass
Jewellery/ craft / pottery/ ceramics
Furniture / specialised joinery for UK (contracts)
Software programmes (manufacturing systems, safety programmes)<br>
13
Sample projects supported by CEBs Service
Multi-media, recording studio/ a.v. systems/ power supply for events
Software applications/ apps/ on line businesses – Translations, Law on Line
Secure shredding
Marketing Services
Design House – web, graphic & print
Quality System Installation
Projects promoted by the unemployed / women re-entering the workforce (e.g. air fresheners, fire wood, business services, baby gifts, health care etc )<br>
Multi-media, recording studio/ a.v. systems/ power supply for events
Software applications/ apps/ on line businesses – Translations, Law on Line
Secure shredding
Marketing Services
Design House – web, graphic & print
Quality System Installation
Projects promoted by the unemployed / women re-entering the workforce (e.g. air fresheners, fire wood, business services, baby gifts, health care etc )<br>
14
Progress from 15 April to date Grants Approved €335,334 (€15,242 average)
No of Businesses supported 22 (30 applications)
Projected Investment €1,024,768 (32% average)
Jobs Approved 25 ft & 6 pt (28 ft equivalents)
71 Individuals availed of Measure 2<br>
No of Businesses supported 22 (30 applications)
Projected Investment €1,024,768 (32% average)
Jobs Approved 25 ft & 6 pt (28 ft equivalents)
71 Individuals availed of Measure 2<br>
15
Entrepreneurial & Capability Development<br>
16
First Stop Shop Advice, Information and Assistance
Access to Organisations such as
Small Firms Association
Irish Exporters Association
ISME
On line Resources
National and Local Enterprise Office Website
SME Online Tool www.localenterprise.ie/smeonlinetool/
Tipperary Directory
NUBIE.ie<br>
Access to Organisations such as
Small Firms Association
Irish Exporters Association
ISME
On line Resources
National and Local Enterprise Office Website
SME Online Tool www.localenterprise.ie/smeonlinetool/
Tipperary Directory
NUBIE.ie<br>
17
Programmes Pre start up –
SYOB,
Business Boot Camps
Work life Balance etc
Existing Businesses
Business Skills Training
HR Management,
Customer Service,
Taxation & Financial Management for Small Business
Sales, Marketing & ICT
Company Specific
Mentoring,
Management Development Programme/ Accelerate
Smart Knowledge Programme<br>
SYOB,
Business Boot Camps
Work life Balance etc
Existing Businesses
Business Skills Training
HR Management,
Customer Service,
Taxation & Financial Management for Small Business
Sales, Marketing & ICT
Company Specific
Mentoring,
Management Development Programme/ Accelerate
Smart Knowledge Programme<br>
18
Mentoring / Temporary Business Advisors On Site Diagnostic
Experienced Panel
Nominal Fee
Written Report Financial Planning
Costing / Taxation
Production Planning
Business Structures
Sales
Marketing & Branding
Health & Safety
Prototype Development
HR Management<br>
Experienced Panel
Nominal Fee
Written Report Financial Planning
Costing / Taxation
Production Planning
Business Structures
Sales
Marketing & Branding
Health & Safety
Prototype Development
HR Management<br>
19
Smart Knowledge How to commercialise an idea
Mapping your Business Model
Driving Innovation in your business
Creativity & Knowledge
Exploring the Route to Market
Service & Product Prototyping
Assessing Risk
Brand Innovation<br>
Mapping your Business Model
Driving Innovation in your business
Creativity & Knowledge
Exploring the Route to Market
Service & Product Prototyping
Assessing Risk
Brand Innovation<br>
20
Grant Schemes Tailored to Business Needs Website Development - €1,000 or 50%
Exhibition Grants - €1,000 or 50%
Export Market Support - €3,000 or 50%
Market Entry Support
Branding and Design
Community Enterprise Initiatives
Training Supports – 50%
Subject to no other Agency funding<br>
Exhibition Grants - €1,000 or 50%
Export Market Support - €3,000 or 50%
Market Entry Support
Branding and Design
Community Enterprise Initiatives
Training Supports – 50%
Subject to no other Agency funding<br>
21
Additional Activities Workspace Study
Training Needs Analysis
Schools programmes
Link to EI Schemes such as
Get Export Ready
Hi Start
Innovation Vouchers
New Frontiers
County Networks
Women’ s Networks
Green Business Network
Food Producers Network
SMILE
Representation & Linkage (EWG, Leader, TCEC, TEA etc)<br>
Training Needs Analysis
Schools programmes
Link to EI Schemes such as
Get Export Ready
Hi Start
Innovation Vouchers
New Frontiers
County Networks
Women’ s Networks
Green Business Network
Food Producers Network
SMILE
Representation & Linkage (EWG, Leader, TCEC, TEA etc)<br>
22
Micro Finance Set up by the Government to provide loans to newly established or growing microenterprises, with commercially viable proposals that do not meet the conventional risk criteria applied by commercial banks.
MFI is ‘additional’ lending which would not otherwise be provided by banks. Banks remain the primary and dominant supplier of finance to microenterprises.
Applicants should have a viable business plan and be able to demonstrate that they have been refused conventional bank credit.
Loans to top up bank credit may be available in certain cases where it is clear that the business would not go ahead without MFI<br>
MFI is ‘additional’ lending which would not otherwise be provided by banks. Banks remain the primary and dominant supplier of finance to microenterprises.
Applicants should have a viable business plan and be able to demonstrate that they have been refused conventional bank credit.
Loans to top up bank credit may be available in certain cases where it is clear that the business would not go ahead without MFI<br>
23
Loans Loans from €2k to €25k (average loan size €16k at present)
Term three years
Interest rate is 7.8% (through the LEO)
May be a start up or an existing business
Business must have Less than 10 staff & turnover and/or Bal Sheet < €2m
Loans will not be provided where venture capital or grant aid is more suitable<br>
Term three years
Interest rate is 7.8% (through the LEO)
May be a start up or an existing business
Business must have Less than 10 staff & turnover and/or Bal Sheet < €2m
Loans will not be provided where venture capital or grant aid is more suitable<br>
24
Ireland’s Best Young Entrepreneur The Local Enterprise Office has been provided with a fund of €50,000 to invest in the three winning businesses. The overall winner of Tipperary ’s Best Young Entrepreneur may receive an investment of up to €25,000.
The competition is open to individuals aged 30 and under and will be judged under three distinct categories:
Best new idea
Best start-up business
Best established business with new add-on<br>
The competition is open to individuals aged 30 and under and will be judged under three distinct categories:
Best new idea
Best start-up business
Best established business with new add-on<br>
25
Online Trading Vouchers To Support SME’s enhance their online trading presence.
ONLINE TRADING VOUCHERS to the value of €2,500 are now being made available under the National Digital Strategy with a €5m fund available nationally.
Who is Eligible
Businesses – any sector (with a limited online presence)
T/o < €2 Million
< 10 staff
Chambers/ non Commercial organisations do not qualify.
What is eligible
Development or upgrade of an e-commerce website such as implementing online payments or booking systems
Purchase of internet related software
App development
ICT consultancy for developing an online strategy
Web based advertising campaigns
50% of eligible expenditure
Applicants will receive individual Mentoring to formulate a web strategy and 2 Information evenings are planned for 17 & 22 September.<br>
ONLINE TRADING VOUCHERS to the value of €2,500 are now being made available under the National Digital Strategy with a €5m fund available nationally.
Who is Eligible
Businesses – any sector (with a limited online presence)
T/o < €2 Million
< 10 staff
Chambers/ non Commercial organisations do not qualify.
What is eligible
Development or upgrade of an e-commerce website such as implementing online payments or booking systems
Purchase of internet related software
App development
ICT consultancy for developing an online strategy
Web based advertising campaigns
50% of eligible expenditure
Applicants will receive individual Mentoring to formulate a web strategy and 2 Information evenings are planned for 17 & 22 September.<br>
26
Retail Specific Initiatives Fund special initiatives and activities designed to increase foot fall and spend in the County eg Christmas Promotional Campaign in Conjunction with Tipp FM . (Expression of interest form). Requirement to Add value
Provide financial resources to assist groups organise worthwhile fairs and events capable of attracting in outside visitors.
Support the Retail Sector across the County to develop a series of actions designed to attract new, retain existing customers and encourage increased spend.
Encourage the Sector to develop online trading activities to complement their existing business and enhance their profile. Maximise the New Trading on Line Voucher Scheme in Tipperary.
GIBO (Getting Irish Business On Line) training and support for retailers who lack a web presence or e-zine etc.
commission the redesign of Tipperary Directory.ie to support local business. This facility will give small scale enterprises free access to global markets.
Consultation – what can we do for you ?<br>
Provide financial resources to assist groups organise worthwhile fairs and events capable of attracting in outside visitors.
Support the Retail Sector across the County to develop a series of actions designed to attract new, retain existing customers and encourage increased spend.
Encourage the Sector to develop online trading activities to complement their existing business and enhance their profile. Maximise the New Trading on Line Voucher Scheme in Tipperary.
GIBO (Getting Irish Business On Line) training and support for retailers who lack a web presence or e-zine etc.
commission the redesign of Tipperary Directory.ie to support local business. This facility will give small scale enterprises free access to global markets.
Consultation – what can we do for you ?<br>
27
Where do we go from Here ? Consultation with the County’s Retailers, Chambers and Business Associations
At agreed Locations across the County
Time Frame before year end
Respond<br>
At agreed Locations across the County
Time Frame before year end
Respond<br>
28
Thank You Rita Guinan
Head of Local Enterprise Tipperary
Ballingarrane House, Ballingarrane Science & Technology Park, Cahir Road, Clonmel
and Civic Offices, Limerick Road, Nenagh, Co. Tipperary
Clonmel: 052-6129466 Direct Line Nenagh : 0761 06 6574 or 087-9207700
www.localenterprise.ie/tipperary<br>
Head of Local Enterprise Tipperary
Ballingarrane House, Ballingarrane Science & Technology Park, Cahir Road, Clonmel
and Civic Offices, Limerick Road, Nenagh, Co. Tipperary
Clonmel: 052-6129466 Direct Line Nenagh : 0761 06 6574 or 087-9207700
www.localenterprise.ie/tipperary<br>