Transcript Retail Workshop - Rita Guinan

Local Enterprise
Office
Tipperary
Presentation by Rita Guinan
10 September 2014.
Introduction
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In 1993 County and City Enterprise Boards were set up by Government as
Companies limited by guarantee with 15 local directors to promote and
encourage local enterprise. There were 35 Boards nationally charged with
implementing local enterprise action plans funded by the Department of Jobs,
Enterprise & Innovation.
On 14 April 2014 under the Enterprise Boards Dissolution Act, the Government
dissolved the 35 Limited Companies and established 31 Local Enterprise Offices
within the Local Authorities. The LEO operates under a Service Level Agreement
between Enterprise Ireland and the Local Authority and will continue to grow
and develop micro and small business at local level.
The Local Enterprise Office is the First Stop Shop for anyone seeking information
and support to start or grow a business in Ireland.
A Government initiative under the Action Plan for Jobs, the network of Local
Enterprise Offices will deliver an enhanced and more integrated support service
for micro and small business and will build on the significant achievements of
the County & City Enterprise Boards over a 20 year period.
Enterprise Staff
Rita Guinan
Nenagh
• Eleanor Forrest
• Geraldine Manning
• Madeline Ryan
Clonmel
Ita Horan
Mairead English Maher
Judith Dalton
Enterprise Supports
• Selective Financial Intervention
• Financial assistance is awarded under three headings
﹣Priming Grants (<18 months trading)
﹣Business Expansion Grants (>18 months )
﹣Feasibility/technical assistance Grants
• Entrepreneurial and Capability Development
﹣Enterprise awareness / enterprise culture
﹣Advice, information, counselling, mentoring, training.
﹣Management Development Programmes
Primary Responsibility
• Commercially viable projects with job creation potential
• Creation and development of sustainable microenterprises
• Projects – up to 10 employees
• Capital investment – unlimited
• Priority to enterprises in the manufacturing &
internationally traded services sector with the potential
to develop strong export portfolios.
• Locally traded enterprises promoted by the
unemployed, those recently made redundant and
women re entering the workforce.
Priming & Business Expansion Grants
• 50% of investment to a max of €150,000 whichever is the lesser.
• Note: €150,000 will be exception in most cases it will be 50% of
investment to a max of €80,000 whichever is the lesser. Grants
approved locally in excess of €40,000 will now be referred to
Enterprise Ireland for endorsement.
• Subject to the above limits a max grant of €15,000 per job created
shall apply.
• A Business must be in operation longer than 18 Months to qualify for
Business Expansion Grant. A business that has availed of a priming
grant will be ineligible to apply until 18 months after drawdown of
priming grant,
• Support can cover all business costs directly attributable to starting
growing & developing the business i.e. Capital, Salary Costs, Rent etc
Feasibility Grants
• 50% of investment to a max of €40,000 or €20,000
whichever is the lesser.
• Eligible Expenditure includes
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Product/ prototype development
Market Research Consultants fees
Financial Evaluation
Own Time €400 p.w. (Capped at 20% of study costs)
Overseas travel
Domestic Travel & subsistence
Telephone/ admin etc.
Paid based on vouched expenditure & Report
Refundable Aid
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Each Local Enterprise Office has an obligation to ensure
that at least 30% of total approvals must be in
refundable form.
• This means that grant aid will be structured so that it is
part grant and part loan. This loan is interest free and
generally repaid by agreement over a maximum of 3
years .
The Project Evaluation Process – 6 Core Principles
• Commercial Evaluation: Is there a market for the proposed
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product or service and can the project secure a requisite share of
the market?
Financial Evaluation: Can the project secure and repay the
requisite financial investment (fixed and working capital)
Management Evaluation: Can the promoters and their
management team successfully address the business development
and business as usual agendas of the project?
Technical Evaluation: Are there any technical barriers to
successful implementation (product or process) and can they be
overcome?
Economic Evaluation: Is there a potential economic and
exchequer return on the taxpayers investment – jobs direct,
indirect?
Funding Evaluation: How can taxpayers money best be used to
support the project and optimise its potential?
Service Level Agreement & Metrics
 The Service Level Agreement covers 4 distinct areas:
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Business Information and Advisory Services
Enterprise Support and Development Services
Entrepreneurship Support Services
Local Economic Development Services
 Metrics
 Annual targets/ metrics are agreed with Enterprise Ireland against
which performance will be measured (enterprise & LA side)
 The LEO will work with an agreed portfolio of Companies to scale
them and help them graduate to Enterprise Ireland.
BUDGETS/ Exchequer Allocations -Tipperary
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MEASURE 1 – €366,808
MEASURE 2 – €378,952 (€745,760)
Own Resource Income - €71,000
REFUNDABLE AID – €618,384
Note : These are indicative amounts
Sample projects supported by LEOs
Manufacturing
• Food production – cheese, convenience foods, sauces, rubs,
relishes, preserves, meat packaging/labelling, chocolate,
confectionery.
• Stainless steel- kitchen equipment, railings, shop fittings
• Engineering, draught stops, flue master, components, fencing
• Fashion Design / millinery
• Stained glass
• Jewellery/ craft / pottery/ ceramics
• Furniture / specialised joinery for UK (contracts)
• Software programmes (manufacturing systems, safety
programmes)
Sample projects supported by CEBs
• Service
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Multi-media, recording studio/ a.v. systems/ power supply for events
Software applications/ apps/ on line businesses – Translations, Law
on Line
Secure shredding
Marketing Services
Design House – web, graphic & print
Quality System Installation
Projects promoted by the unemployed / women re-entering the
workforce (e.g. air fresheners, fire wood, business services, baby
gifts, health care etc )
Progress from 15 April to date
• Grants Approved
€335,334 (€15,242
average)
• No of Businesses supported
• Projected Investment
22 (30 applications)
€1,024,768 (32%
average)
• Jobs Approved
25 ft & 6 pt (28 ft
equivalents)
• 71 Individuals
availed of Measure 2
Entrepreneurial
&
Capability
Development
Oifig fiontair Áitiúil _______
Local Enterprise Office
__________
First Stop Shop
• Advice, Information and Assistance
• Access to Organisations such as
﹣Small Firms Association
﹣Irish Exporters Association
﹣ISME
• On line Resources
﹣National and Local Enterprise Office Website
﹣SME Online Tool www.localenterprise.ie/smeonlinetool/
﹣Tipperary Directory
﹣NUBIE.ie
Programmes
• Pre start up –
SYOB,
Business Boot Camps
Work life Balance etc
• Existing Businesses
﹣Business Skills Training
HR Management,
Customer Service,
Taxation & Financial Management for Small Business
Sales, Marketing & ICT
﹣Company Specific
Mentoring,
Management Development Programme/ Accelerate
Smart Knowledge Programme
Mentoring / Temporary Business
Advisors
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On Site Diagnostic
Experienced Panel
Nominal Fee
Written Report
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Financial Planning
Costing / Taxation
Production Planning
Business Structures
Sales
Marketing & Branding
Health & Safety
Prototype Development
HR Management
Smart Knowledge
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How to commercialise an idea
Mapping your Business Model
Driving Innovation in your business
Creativity & Knowledge
Exploring the Route to Market
Service & Product Prototyping
Assessing Risk
Brand Innovation
Grant Schemes
Tailored to Business Needs
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Website Development - €1,000 or 50%
Exhibition Grants - €1,000 or 50%
Export Market Support - €3,000 or 50%
Market Entry Support
Branding and Design
Community Enterprise Initiatives
Training Supports – 50%
﹣Subject to no other Agency funding
Additional Activities
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Workspace Study
Training Needs Analysis
Schools programmes
Link to EI Schemes such as
• Get Export Ready
• Hi Start
• Innovation Vouchers
• New Frontiers
• County Networks
• Women’ s Networks
• Green Business Network
• Food Producers Network
• SMILE
• Representation & Linkage (EWG, Leader, TCEC, TEA etc)
Micro Finance
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Set up by the Government to provide loans to newly established or
growing microenterprises, with commercially viable proposals that do not
meet the conventional risk criteria applied by commercial banks.
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MFI is ‘additional’ lending which would not otherwise be provided by
banks. Banks remain the primary and dominant supplier of finance to
microenterprises.
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Applicants should have a viable business plan and be able to demonstrate
that they have been refused conventional bank credit.
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Loans to top up bank credit may be available in certain cases where it is
clear that the business would not go ahead without MFI
Loans
 Loans from €2k to €25k (average loan size €16k at
present)
 Term three years
 Interest rate is 7.8% (through the LEO)
 May be a start up or an existing business
 Business must have Less than 10 staff & turnover and/or
Bal Sheet < €2m
 Loans will not be provided where venture capital or
grant aid is more suitable
Ireland’s Best Young Entrepreneur
• The Local Enterprise Office has been provided with a
fund of €50,000 to invest in the three winning
businesses. The overall winner of Tipperary ’s Best Young
Entrepreneur may receive an investment of up to
€25,000.
• The competition is open to individuals aged 30 and
under and will be judged under three distinct categories:
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Best new idea
Best start-up business
Best established business with new add-on
Online Trading Vouchers
To Support SME’s enhance their online trading presence.
ONLINE TRADING VOUCHERS to the value of €2,500 are now being made available under the National
Digital Strategy with a €5m fund available nationally.
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Who is Eligible
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What is eligible
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50% of eligible expenditure
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Applicants will receive individual Mentoring to formulate a web strategy and 2
Information evenings are planned for 17 & 22 September.
﹣ Businesses – any sector (with a limited online presence)
﹣ T/o < €2 Million
﹣ < 10 staff
﹣ Chambers/ non Commercial organisations do not qualify.
﹣ Development or upgrade of an e-commerce website such as implementing online payments
or booking systems
﹣ Purchase of internet related software
﹣ App development
﹣ ICT consultancy for developing an online strategy
﹣ Web based advertising campaigns
Retail Specific Initiatives
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Fund special initiatives and activities designed to increase foot fall and spend
in the County eg Christmas Promotional Campaign in Conjunction with Tipp FM .
(Expression of interest form). Requirement to Add value
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Provide financial resources to assist groups organise worthwhile fairs and
events capable of attracting in outside visitors.
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Support the Retail Sector across the County to develop a series of actions
designed to attract new, retain existing customers and encourage increased spend.
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Encourage the Sector to develop online trading activities to complement
their existing business and enhance their profile. Maximise the New Trading on Line
Voucher Scheme in Tipperary.
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GIBO (Getting Irish Business On Line) training and support for retailers who
lack a web presence or e-zine etc.
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commission the redesign of Tipperary Directory.ie to support local business.
This facility will give small scale enterprises free access to global markets.
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Consultation – what can we do for you ?
Where do we go from Here ?
• Consultation with the County’s Retailers,
Chambers and Business Associations
• At agreed Locations across the County
• Time Frame before year end
• Respond
Thank You
Rita Guinan
Head of Local Enterprise Tipperary
Ballingarrane House, Ballingarrane Science & Technology Park, Cahir Road,
Clonmel
and Civic Offices, Limerick Road, Nenagh, Co. Tipperary
Clonmel: 052-6129466 Direct Line Nenagh : 0761 06 6574 or 087-9207700
www.localenterprise.ie/tipperary