Checklist of Financial Support for ELIGIBLE Dublin city based Small Business owners and new Entrepreneurs

The purpose of this document is to provide a checklist of questions to determine the eligibility of a business for Dublin City Enterprise Board funding for small businesses and Entrepreneurs.

Eligibility Criteria

Note: Retail, local services, professional services, printers and trades are not eligible for finance.

• Are you hiring new fulltime paid (PAYE & PRSI) employees? Or are you starting your own business which will employ yourself full-time? Hiring interns is not eligible for funding support.
• Is your business based full-time in Dublin City Council area? 
  (if not contact your local County & City Enterprise Board www.enterpriseboards.ie)
• Are you an Enterprise Ireland client?  (We cannot  fund EI clients/ EI Innovation Vouchers)
• Do you have a fulltime commercial business (profit oriented)?
• Are you manufacturing a product yourself in Dublin city or are you a service business with proof of foreign customers (payments from overseas)?
• How many staff do you have full-time now? 
  (must be less than 10 full-time employees, if over 10 employees contact Enterprise Ireland)
• Do you have a stand alone business (not subsidiary or franchisee)
• Have you received financial support from DCEB or other government funding before? Contact us to discuss details.
• If born outside the EU do you have Business Permission?
  

Application Requirements

• Do you have a current Business Plan?
• Do you have recent certified Accounts/ Management accounts (for existing businesses) and financial projections for the next 3 years?
• Is your business making a profit and have a positive balance sheet?
• Are you tax compliant/ have a Tax Clearance Certificate for your business?
  

Type of Support (all funding is linked to new full-time job creation)

Feasibility study – prototype development/ market research – average €5,000
Business trading less than 18 months (priming – 33% refundable grant)    - average €7,000 per employee and 50% of marketing costs and/ or new manufacturing equipment
Business trading over 18 months (business development – 50-66% refundable grant) - average €7,000 per employee and 50% of marketing costs and/ or new manufacturing equipment