SME Growth Grant Scheme

Enterprises seeking to invest in the growth of their business and increase their number of employees are the targeted beneficiaries under the Growth Grant Scheme.  Such enterprises will be provided with a maximum grant of €500,000 which will represent between 20% and 30% of the total project cost.  The scheme supports initial investment in assets related to the extension of the capacity of an existing establishment or the setting up of a new establishment. Eligible costs include:

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• Costs for purchasing of new equipment, machinery, and/or plant – no limit to the cost;
• Construction/Up-grading costs – limited to 10% of the total eligible expenditure of the project;
• Costs for leasing/rental of privately owned operational premises – limited to 10% of the total eligible expenditure of the project;
• Costs related to patents/licences – limited to 10% of the total eligible expenditure of the project.

There is a maximum of €8m available and the scheme is managed through an open rolling call i.e. applications may be submitted at any point in time as long as the grant scheme remains open for applications.