Equity finance can be very attractive for solid, fast growing young businesses, given that the source of the finance is above reproach and the conditions for the investment are clear and not onerous. At 0%, it is certainly worth considering.
The fact that a respected organisation is prepared to invest also says a lot to third parties such as suppliers, financial institutions and customers. These facts, coupled with every dynamic company’s requirement for new working capital, have made Dublin City Enterprise Board’s Preference Share scheme popular. The good news is that the fixed interest under the old scheme is no longer charged and is replaced by a straightforward Preference Share scheme. This is simple investment by the Board, the main proviso being that as Preference Shareholders they take precedence in repayment over ordinary shares. Like all investors, Dublin City Enterprise Board has its aims and objectives in putting money into any company and it is highly advised to check out the eligibility requirements before applying for Preference Shares, or any other form of financial assistance. For these eligibility requirements and fuller details of the scheme visit our website: www.dceb.ie Suitable Businesses Preference Share Funding, from €40,000 up to a maximum of €75,000, is for businesses with a potential to export their products and/ or services. The scheme is restricted to limited companies that have been in business for at least two years. A comprehensive Business Plan is essential and with it applicant companies should demonstrate: • high potential for growth • financial projections that show the ability to repay • an investment plan - in other words what is the money needed for and how will it be spent. More. If you are interested in applying for a Preference Share investment or would like to consider it in more detail we will be glad to answer you queries. Dublin City Enterprise Board also provide certification for the Business Expansion Scheme, for eligible business. Please contact us to discuss your application at telephone 01 635 1144 or email ecurley@dceb.ie