Half million euro LEO investment to yield 125 new jobs
A half-million euro investment into small businesses and start-ups in Fingal is set to yield more than 125 new jobs over the next three years, according to the Fingal Local Enterprise Office.
A €503,000 cash injection has been announced by the Fingal Local Enterprise Office (LEO) through a number of its grant schemes aimed at supporting 47 small and start-up businesses.
Fingal Local Enterprise Office has announced that 47 small businesses and start-ups have been approved for financial support. This will result in 25 direct new jobs immediately, with more than 125 new jobs planned over the coming three years in some of these businesses.
The latest funding figures announced by Fingal LEO today will also result in significant additional spending in the local economy, boosting the local supply chain, according to the Fingal LEO.
The Mayor of Fingal Cllr. Anthony Lavin and the Fingal Chief Executive, Paul Reid, presented grant approval letters of offer to the successful businesses at a specially convened awards event in Swords Castle.
Mayor Lavin said: 'Indigenous SME growth is crucial to ensuring secure and sustainable employment for the people of Fingal. This news is reflective of the level of work being undertaken by the Local Enterprise Offices. In Fingal our LEO is crucial in ensuring that local businesses have the best chance to scale. We have many economic assets in the County and the LEO very actively ensures that our small businesses are recognised as crucial to our continued economic growth.'
Paul Reid, Chief Executive of Fingal County Council said: 'I want to congratulate all the entrepreneurs and businesses that are receiving their letters of offer today. In receiving this funding, they have demonstrated to the LEO that they have the potential to grow their business and create jobs in the local economy.'