Online Trading Vouchers Scheme

 

LEO online trading vouchers

With the ever-increasing trend towards online spending, it is estimated that only 23% of small Irish businesses are engaged in eCommerce sales and of online purchases made in Ireland, up to 70% of these are done in overseas markets.

So the Department of Communications, Energy & Natural Resources (DCENR) has launched a Trading Online Voucher Scheme and has teamed up with the Local Enterprise Offices to help to encourage Irish businesses to sell online. 

The voucher is a financial incentive to small businesses to develop or enhance their ability to trade online. Under the scheme, a qualifying business may apply for matched funding to a maximum value of €2,500 or 50% of eligible expenditure (exclusive of VAT), whichever is the lesser. Following approval of their application, a successful applicant can engage suppliers and upon completion of the work, submit a request for payment to the LEO in line with the terms and conditions of their voucher. 

Information seminars will be available to prospective applicants to support them in their application process and it will be a condition of applying for the vouchers that applicants attend one of these seminars. At each seminar, attendees will be informed of the purpose of the scheme and how best to use and get value from the application of the voucher. 

The vouchers are targeted at businesses with the following profile:

– Turnover less than €2m.
– Applicant business must be trading for at least 12 months.
– Business must be located in the area covered by this phase of the scheme i.e. within the remit of the participating LEOs.

– 10 employees or less.
– Limited to online trading presence.

You can read more about this Online Trading Vouchers Scheme on the Local Enterprise Offices’s website here.

 

 

 

 

 

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