Enterprise Ireland Online Trading Scheme
The Online Retail Scheme was launched by the Department of Business, Enterprise & Innovation (DBEI) on 20th September 2018 to support eligible SMEs in the retail sector to develop a more competitive online offer.
This is a Competitive Fund which will be administered by Enterprise Ireland on behalf of DBEI with a total fund size of €1.25m.
The purpose of this fund is to enable retailers to increase their customer base and build a more resilient business in the domestic and global marketplace both online and offline. The retail sector plays a vital role in supporting regional development and vibrant communities in every county. Therefore, at least 50% of the total number of grants awarded will be reserved for retail SMEs with their headquarters outside of county Dublin.
Applications for funding will be invited through two public Calls for submission of projects. The first Call will open on Wednesday 24th October 2018 with a closing date of Wednesday 5th December 2018 at 3pm. The second Call will be launched in 2019, following completion of the first call.
Successful applicants will be awarded funding to support a maximum of 50% of the project eligible costs with a maximum grant of €25,000. Typical elements involved in developing a sophisticated and transactional online presence include research, consultancy costs for strategy development / implementation and training costs.
Who can apply?
Applicant companies must be an Irish-owned small or medium sized retail enterprise that has the potential to create jobs, generate growth in sales and internationalise their business. The business must also:
- have an existing online presence (e.g. website or social media)
- have a retail outlet and derive the majority of revenue from the retail outlet(s)
- Must employ at least 20 employees in the Republic of Ireland (on a full-time equivalent basis)