Enterprise Ireland Sustaining Enterprise Fund

The Enterprise Ireland Sustaining Enterprise Fund includes the following:

  • Up to €800,000 available per qualifying business to support the implementation of a Business Sustainment Plan (“BSP”)
  • The BSP will outline how the implementation of this plan will return the business to a stable operating state
  • The BSP must include the extent of the current liquidity requirements and outline how the support provided could resolve the business’s immediate issues
  • Eligible businesses must have seen (or expect to see) a 15% or greater reduction in actual or projected turnover or profit, or a substantial increase in costs as a result of COVID-19
  • An annual administration fee of 4% is charged each year

Funding is to be repaid as follows:

  • Three-year grace period; and
  • Repayment by the end of year five, upon successful achievement of the project objections

Available to:

  • Any viable business operating in manufacturing or internationally traded services employing 10 or more employees; and
  • The company must have applied for and been unsuccessful at raising funds from alternative sources
     
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