Maximum Grant €120,000, part financing of 50% – 60% of eligible costs.

This grant scheme supports SMEs through non-repayable Grants to part-finance investment towards expansion, diversification, innovation of the operations and initial investment, aimed at improving the productivity of the enterprise.

Eligible Undertaking

Micro, small and medium-sized enterprises engaged in economic activity, irrespective of their legal form, subject to exclusions.

Actions

This Grant Scheme shall seek to support SMEs in undertaking productive investments in Tangible and Intangible assets related to the expansion, diversification, innovation of the operations, as well as on initial investments.

Costs

1. Equipment, Plant and Machinery 
2. Equipment, Plant and Machinery (ancillary items) – funding available of up to 10% of investment in Equipment, Plant and Machinery
3. 2-year lease of private operational premises – funding available of up to 10% of investment in Equipment, Plant and Machinery
4. 7% flat rate of Equipment, Plant and Machinery to finance any indirect costs related to the investment