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Business Support Initiatives by Local Enterprise Office Louth

Local Enterprise Office Louth is a hub for business development, offering a wide range of supports including mentoring, training, grants, and workshops to assist small businesses in areas such as marketing, finance, and innovation. They also provide guidance on preparing for Brexit and expanding into new markets.

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Business Support Initiatives by Local Enterprise Office Louth

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  1. Supports for BusinessThomas McEvoyHead of EnterpriseLouth County Council27th March 2019

  2. Local Enterprise Office Louth • LEO sits at the heart of the Economic Development Unit of Louth County Council. • First Stop Shop for all business needs. Seamless Integration • Planning, regulations and support in one place.

  3. First Stop Shop for small business

  4. Local Enterprise Office LouthWho can we assist? LEOs can assist small businesses if ….. Commercial venture Market for the product/service Capacity for growth and job creation For Grant purposes Up to 10 employees No Displacement and Deadweight Manufacturing / Traded Services with potential for international markets

  5. Local Enterprise Office Supports

  6. Non-Financial (Soft) Supports • Mentoring • Business Planning, Marketing, Market Research, Sales, Financial Management, Sourcing Finance, Human Resources, Operations, IP & patenting, product development, Quality, Safety, Consolidating costs, Social Media & Online Marketing, E-commerce & web etc. or sector specific mentoring • Training • Consultations All Companies

  7. Non-Financial Supports - Training • Start Your Own Business • Start Your Own Online/Food Business Workshops • Social Media Workshops • Capability Development programmes for general business support and specialised areas (LEAN, food, innovation, export, female entrepreneurship, etc.) • Procurement, Marketing, Data Protection, Finance, Preparing Business Plan, Record-keeping and Tax • Retail Excellence Ireland

  8. National Enterprise Programmes • Local Enterprise Week • Ireland’s Best Young Entrepreneur • National Enterprise Awards • Student Enterprise Programme • National Women’s Enterprise Day • Enterprise Villages at: • National Ploughing Championship and Showcase • Promotion of Community Enterprise Centres (CECs)

  9. Financial Supports - Grants Eligibility requirements (for mainstream grants)…… • Commercial venture • Market for the product/service • Capacity for growth and job creation • Up to 10 employees • Manufacturing / Trading Services • Retail excluded from mainstream grants, but may qualify for retail supports and Trading Online Voucher

  10. Types of Grant aid • Feasibility • Priming • Business Expansion

  11. Business Supports Roadmap – 3 steps to mitigate Brexit • 1. Assess Exposure – BREXIT Scorecard • 2. Prepare a Plan • - Grants from Enterprise Ireland and InterTradeIreland • 3. Get Supports (financial and non-financial): • - Build Competitiveness • - Expanding reach/ Target New Markets • - Innovation • - Building Scale / Finance • - Advice (mentoring/ customs training)

  12. Step 1: Assess Exposure to BREXIT - Brexit Scorecard • www.PrepareForBrexit.com • Free online tool to self-assess readiness for Brexit in key areas: • Strategy, Operations, Finance, Sales/ Marketing, Innovation, and People/Management • Leads to LEO /EI supports package

  13. Step 2: Avail of Supports to Prepare a Plan& Look at Non-Financialsupports • ‘Prepare a Plan’ Grants: • - Enterprise Ireland clients • (€5,000 to prepare Brexit Plan) • - Non-Enterprise Ireland clients • (€2,250 InterTradeIrelandBrexit Ready Voucher)

  14. Non- Financial supports • Tailored ‘Brexit’ Mentoring (via LEO) • Management Development/ Business Training • Customs Insight Course • Go onto LEO / EI website • View Course and/or Register to participate • Export Development Workshops • eg. Monaghan tomorrow, 14th March

  15. Step 3: Get Supports to Build Margin Four strategic responses Development of better solutions (new or improved products services or processes) to provide a strong competitive edge = Co-Innovate / Innovate Accel./ Agile Fund Optimising people, equipment, technology, and information in sourcing, production and delivery of goods and services = LEAN Prog Competitiveness Innovation and R&D Diversifying into new international markets and new market segments within the UK and elsewhere = Export Grant Strong operational finance in parallel with strategic financial planning = Brexit loan scheme Expanding Reach Financial Management

  16. Competitiveness:LEAN Programme • Across all sectors • Strong focus - LEO 2019 • Subsidised Cost (80%) • Most effective programme open • Produces Results!

  17. Innovation:1. Co-Innovate Programme • Manufact’g & tradable services with international potential • SMEs in Border Counties & NI (contact: LEOs/LEAs) - Free • Innovate Accelerate • Supplementary support for Louth cos. (<10 employees) = And to help target New Markets • 3. Innovation Vouchers (€5k value research at 3rd level inst.) • 4. Agile Innovation Fund (R&D costs, over 18mts, up to 45%)

  18. Reaching New MarketsExport Grant • Businesses employing up to 10 FTEs • 50% of costs met, up to €2.5k grant • Explore and Develop New Export Markets • Manufacturing/I.T.S.; Eg. participation at trade fairs, international trade networking events, marketing materials, translation, export websites • Application forms available from LEO

  19. Financial supports MFI(all sectors, non-secured loans <€25k, via LEO) SBCI(Brexit loans >€25k <€1.5m, via pillar banks) LEO Grant supports (Manufacturing/I.T.S.) Trading Online Voucher Scheme (training, support and grant up to €2.5k, all sectors, via LEO)

  20. Finally… search for ……. • Local Enterprise Office Louth….. • www.localenterprise.ie/Louth • Brexit Information Centre • Irish Government’s Brexit website • www.Gov.ie/Brexit

  21. Thank you Further details available in LEO BrexitHandoutLocal Enterprise Office Louth, Louth County CouncilTown Hall, DundalkT: 1890 202 303 E: info@leo.louthcoco.ieW:www.localenterprise.ie/Louthwww.prepareforbrexit.com

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