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SME Growth Grant Scheme

BUDGET - € 8 MILLION

MAXIMUM GRANT CAPPED AT €500,000

This scheme seeks to assist SMEs to address this gap by providing support in the form of non-repayable Grants to part-finance investments towards the implementation of their growth strategies related to the extension of the capacity of an existing establishment, or the setting up of a new establishment.​


Aid Intensity 


Size of Undertaking

Aid Intensity 

(as of 1st January 2018)

Micro & Small

30%

Medium

20%


T​arget Group

  • Micro Enterprises
  • Small Enterprises
  • Medium-sized Enterprises ​

For many SMEs, achieving growth is an important business objective.  Market demands require rapid response from enterprises to sustain their competitiveness and grow.  As they pursue growth in sales and earnings, SMEs are putting in place a variety of measures to ensure they are well positioned to exploit growth opportunities.  Such challenges push SMEs to take up initiatives to increase their market share, enter new markets and internationalise to overcome regional challenges.

SMEs have limited financial resources and encounter difficulties in accessing finance to generate the required capital to take-up investment projects.  The lack of readily available financing options pose greater difficulty to SMEs to react to market demands requiring them to undertake rapid and timely intervention through investment on expansion projects to enable them to secure the adequate capacity levels to re-align and secure their supply levels.​


Eligible Actions

Initial Investment in tangible and intangible assets related to:

  • the extension of the capacity of an existing establishment, 
  • the setting up of a new establishment. 

​The investment should result in the growth of the Undertaking, and an increase in the number of employees (full-time equivalent) employed by the Undertaking.

Eligible Costs

  • ​Lease of private operational premises
  • Construction/up-grades on private operational premises
  • Purchasing of new equipment, machinery and plant
  • Patents and licenses 

This Scheme shall be administered through an open rolling call.

To access the online application form and more information related to this scheme click on the links below.

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