New 'priming' grants are handed out
Published 12/07/2014 | 12:00
FOUR Fingal business have shared the first grants allocated by the newly created Local Enterprise Office.
Some €55,250 in supports was earmarked to the firms wich operate across a variety of sectors which were announced by Mayor of Fingal, Cllr. Mags Murray, Chief Executive, Fingal County Council, Paul Reid and Head of Fingal Local Enterprise Office, Oisin Geoghegan. Operating in the areas of IT, the food industry and baby gifts market, the four businesses feature a producer of a range of South African beef jerky; a designer of a baby products range; an IT product targeting the online dating industry and a digital food safety concept.
Since opening its doors at Fingal County Council in May , the Fingal Local Enterprise Office (formerly the Fingal County and City Enterprise Board) has become the 'first stop shop' for all start-ups and businesses seeking supports from state agencies.
The four Fingal businesses are in receipt of two Priming and two Feasibility Grants, following the establishment of a new grant approvals process.
Recipients of the Business Priming Grant were: Jacques Du Toit, Excellence Butchers, producer of a range of South African beef jerky and Christine Carolan, Happynest, a designer of a baby products range
Reasibility Grant recipients were Rena Maycock and Feargal Harrington, RFJ Technologies, an IT product targeting the online dating industry and Enda Martyn, developer of a digital food safety concept.
At the official presentation awarding the first grants to be approved by the LEO, Paul Reid, Chief Executive, Fingal County Council said: ''The announcement highlights how, since integrating with Fingal County Council, the Fingal LEO has hit the ground running as the go-to location for micro enterprises.
'Through financial support, management training and mentoring services, the Fingal LEO is helping to strengthen the local business environment by enabling them to overcome those barriers to success that often cause entrepreneurs to falter at an early stage.'
Oisin Geoghegan, Head of Fingal Local Enterprise Office, said: 'Bringing new business and job creation to the locality is a key goal of the Fingal Local Enterprise Office. We are therefore delighted to announce the provision of grant supports that will help create new employment locally in innovative start-up businesses in the County.'
He added: 'There are many great new business ideas emerging in recent times and part of our role is to encourage people with a good business idea to explore its potential. If the business proposal qualifies, we can assist by providing funding to invest in the idea at an early stage.'
A 'Feasibility Grant' is designed to financially assist those with a qualifying innovative business idea who wish to examine its sustainability (up to €20,000), while a 'Priming Grant' is a business start-up grant available to qualifying small businesses (up to €80,000). Further information about the enterprise supports available to small businesses and new start-ups in Fingal is available from http://www.localenterprise.ie/Fingal