Up to €9,000 in funding for each new employee engaged in customs work
The grant also covers costs associated with redeploying an existing member of staff.
Business urged to act now to be ready for major customs challenge
Failure to act could damage important customer relationships
A new ‘Ready for Customs’ grant was opened today by Enterprise Ireland, as part of the Government’s Brexit Readiness Action Plan.
The €20m fund provides grant support for each new employee taken on in a customs role within a company. Up to €9,000 is available for each full-time employee hired.
According to Julie Sinnamon, CEO of Enterprise Ireland: “The ‘Ready for Customs’ grant is one of a range of business supports the Government outlined today as part of Ireland’s Brexit Readiness Action Plan. This new grant provides companies with financial assistance to cover the costs of taking on much needed additional customs clearance staff, which will be needed when Brexit becomes a reality on the 1st January 2021.
“Research indicates that insufficient customs clearance capacity is a significant risk for Irish enterprises. Business needs to act now to build capacity and this grant will assist them meet the challenge that will become very real on 1st January next. My clear message is don’t wait – take action now.
“A grant of up to €9,000 for each new full-time employee taken on in a customs role over the coming months is available.”
If an existing employee is redeployed the grant can also be used to cover those costs.
“The Revenue Commissioners estimate that the number of customs declarations will increase from 1.7m a year to 20m in 2021, requiring approximately 2,000 additional staff to process them. There is currently not enough customs clearance capacity in Irish businesses. This is a real risk, that could ultimately damage valuable relationships with UK customers.
“The Ready for Customs grant is time limited and I would urge every Irish company, logistics firm or customs intermediary involved in trading with the UK, to apply for this grant through Enterprise Ireland today.”
The Covid-19 Pandemic has thrown up challenging and uncertain times for Engineering businesses. Here is an outline of some of the supports available to your business right now.
The Covid-19 Pandemic has created
severe challenges for Irish businesses with an uncertain road ahead. Below is a list of supports available to
businesses during this unprecedented time.
There are three main sections:
1. LEO Supports
Business Continuity Voucher
In conjunction with your Local Enterprise Office, this grant is an
excellent support to help any engineering business through this difficult
time. It offers €2,500 towards
consultancy costs to aid with finance, HR, supply chain, marketing,
digitisation issues and more to enable businesses to continue trading through
this crisis. Application closing date 15th
The TOV is a grant offering up to €2,500 for a business to develop or
enhance their ability to trade online. I would urge any Engineering firm who is
eligible for this and who has not availed of this in the past to apply for
it to build a strong online presence and/or upgrade your website. If you have applied for this previously then
there is a second online trading voucher available to businesses.
Your Local Enterprise Office is offering to cover up to 90% of the costs
involved in getting your business online where previously it assisted with 50%. This enhanced assistance is available until
September 30th 2020 after which it will revert to original supports.
The COVID-19 Business Loan from Microfinance Ireland
(MFI), in partnership with Local Enterprise Offices, is a Government-funded
initiative to support small businesses through the current period of
uncertainty. This is a business loan of between
€5,000 and €50,000 and is designed for micro-enterprises that are:
a) having difficulty accessing Bank finance and
b) impacted, or may be impacted negatively, by COVID-19
resulting in a reduction of 15% or more in turnover or profit.
Enterprise Offices have moved training programmes, workshops and networking
meet-ups online, covering areas such as cash management in a crisis, leading
your business through COVID-19 and advice for employers impacted by the crisis.
Training programmes are free of charge and places can be booked online, through
the links below
LEAN for Micro is available to
LEO clients to help build resilience within small companies. Under this
programme, clients can avail of consultancy support with a LEAN Expert (a
qualified practitioner), who will work with the company to introduce lean
principles, undertake a specific cost savings project and assist the company in
benchmarking its performance. LEAN for Micro can also be used to help implement
new remote working and physical distancing guidelines.
companies and potential start-ups that meet eligibility criteria (such as
employing 10 or fewer people with the potential for growth and job creation), Local
Enterprise Offices can offer additional financial supports to help manage
current market challenges:
Assistance for Micro-Exporters Grant*
Please note: *For LEO Financial Supports, further
eligibility criteria apply.
The HR Suite in conjunction with Enterprise Ireland have
developed a guide for employers. The guide provides direction to Enterprise
Ireland, Local Enterprise Office and Údarás na Gaeltachta client companies on
how they should manage the Covid-19 situation from an employer/employee
perspective. It may also be relevant to other SME and large companies operating
in Ireland. It covers topics such as the current situation, Your obligations as
an employer, Examples of preventative and precautionary measures, Covid-19
company response template and others.
Covid – 19 Financial Planning Grant
The grant is designed to help companies to develop a robust financial plan, including the preparation of documentation required to support applications for external finance from banks and/or other finance providers (including Enterprise Ireland). The Covid-19 Business Financial Planning Grant, worth up to €5,000, will enable companies to access external support from approved financial consultants to prepare a financial plan to secure the company in the short to medium terms. Click below for more information.
Sustaining Enterprise Fund
This €180m Fund is open to eligible companies which:
Employ 10 or more full-time employees
Are operating in the manufacturing and
internationally traded services sectors
For SMEs – have applied for funding from a
financial institution, including, where appropriate, through the SBCI Covid-19
Working Capital Loan/Future Growth Loan Schemes
For large companies – have applied for funding
with an appropriate financial institution.
Businesses qualifying under this EU-supported
scheme will be offered a repayable advance of up to €800,000.
SBCI Covid-19 Working Capital Loan Scheme
is the liquid assets that finances the day to day running of our businesses. This loan is for innovative
businesses and the link below outlines eligibility criteria. It is noted that in a similar scheme operated
by the SBCI for Brexit impacted businesses, of the applications to date for
eligibility to that scheme, less than 1% have been declined due to not meeting
the innovation criteria.
If your liquid assets (including cash flow for operational purposes) are impacted by Covid-19, you can apply for a loan between €25,000 and €1.5 million. No security is required for loans of up to €500,000. The loan period is up to 3 years and the interest rate is set at a maximum of 4%. The scheme operates until March 2021 or until the scheme has been fully subscribed. There is a link on the Local Enterprise Office website and below.
This government scheme is aimed at SMEs who are affected by a minimum of 25% decline in turnover as a direct result of Covid 19 and are struggling to pay employees but are keeping them on payroll. We all know it is difficult to recruit staff within the Engineering industry and most Engineering firms are doing their best to hold on to the staff in which they have invested. This scheme can help Engineering firms ensure they keep staff on payroll while reducing the cost of employing them. It can be particularly useful for staff who are on reduced working hours. The rates of pay were updated on 04th May 2020 and differ for employees earning up to €586 per week and those earning over €586 per week. It is expected this scheme will run until 18th June 2020.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.