How to Raise Finance for your business Donegal LEO

How to Raise Finance for your Business

The Local Enterprise Office• Local Enterprise Office – Est. April ‘14.

• 1993 – 2013 Donegal County Enterprise Board.

• Over 20 Years Experience in working with small

business sector.

• Part of the Local Authority, Service Level Agreement

with Enterprise Ireland and the Local Authority

• National Network of 31 Offices, each with a Local

Focus on needs, driven by the local enterprise

strategy

The Local Enterprise Office is the first point of contact for any person interested in starting a business in Donegal or for

established businesses employing less than 10 persons

• Management Development & Training

• Business Information Service ,

• Mentoring & Business Advice

•Grant aid to eligible businesses

• (roughly 20-30 grant aided projects per year)

• Sectoral Initiatives

• Schools Competitions

• General local economic development.

What do we do?

Grant Aid• Feasibility/Innovation Grant Aid • (60% to max €20,000)• Priming Grant Assistance less than 18 months in

business (50% to max €80,000) • Expansion Grant Assistance over 18 months in

business (50% to max €80,000)

• Clear Application and Evaluation Process.• National eligibility criteria apply• Jobs Related Funding• Evaluation & Approvals Committee

• Chief Executive of Donegal County Council• Enterprise Ireland.• Independent Representatives X 5

Stats at a glance for Donegal LEO for 2015Total Number of training participants 1,417 - Business Week 294 - Start Your Own Business 81 - Irelands Best Y E 57 - Digital diploma & w/shops 155 - Trading Online Vouchers 200 - Management. Development 63

•Number of mentoring assignments 30• •Number of Business Advice one to one meetings 294

•Enterprise Promotion activities 2015• Feile Na Tuatha, • Blas Na hEireann, • Donegal Food Festival, • Homegrown Food Festival, • Ploughing Championships, • Showcase Ireland, • Client Case Study Videos, • St. Patrick’s Day - Nottingham

2015 Grant Aid €222,302

Spend €222,302 & RA €21,000

2015 Training and Soft Supports Budget

€224,662 – Spend €274,662

Employment survey 2015 –

777 full time jobs 355 p/t

Contact DetailsLocal Enterprise Office

Donegal County CouncilEnterprise Fund Business Centre

BallyraineLetterkenny

Tel: 074 91 60735Twitter@donegalleo

email: [email protected]/donegal