Business Irish

Friday 17 January 2020

New deadline for emigrants' support scheme

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Ellie Donnelly

Ellie Donnelly

The deadline to apply for Back for Business, a scheme aimed at returning emigrants, has been extended to January 22.

Funded by the Department of Foreign Affairs and Trade, the programme was established to support entrepreneurial activity among emigrants who have lived abroad for at least a year and have returned to Ireland in the past three years.

Successful applicants take part in a six-month part-time development programme aimed at assisting them to start and develop a business.

This year's programme will run from February to July.

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Last year, 38 people participated in the initiative. A total of 48 new jobs were created by the participants, who now employ 89 people.

Turnover for all participants combined rose by more than 70pc during the six months of the scheme to €1.3m.

Tracy Armstrong of KO Kombucha, an Offaly-based producer of fermented tea drinks that are beneficial for the gut, is a previous participant.

Ms Armstrong said: "We were just back from London, so didn't have a network or contacts. Back for Business helped us build our business back in Ireland and offered the structure needed to make sure we were asking the right questions as a startup business."

Irish Independent

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