1. Assistance available to companies through the Enterprise Stabilisation Fund
and other EI support programmes.
Help for your client companies facing
unprecedented market pressures
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rish industry is facing an unprecedented Applicant companies should submit • ompanies which cannot drawdown
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barrage of pressures - from the global their business plans to Enterprise funding before December 2010.
economic slowdown, less credit and Ireland. Assessments will be based on the
tougher terms, to the sharp fall in the Irish commercial viability, return to the state Other Enterprise Ireland supports
economy, sterling’s decline, operation costs and value for money measures of each available
remaining high and a contraction in the company application. Particular attention Companies approved for Enterprise
construction sector. will be paid to small and medium-sized Stabilisation Funding can also apply for
If your client company is experiencing enterprises engaged in exporting. Evaluation grant-aid for research and development and
pressure on cash-flow, facing challenges in will focus on the: export growth potential; competitiveness projects under existing
the marketplace, or you feel your client may financial track record; expected impact on Enterprise Ireland support programmes.
miss out on market opportunities because of providing new employment or maintaining Assistance may be provided to help clients
inadequate financial reserves during these existing employment; proposed sponsor engaged in sustaining and developing jobs
difficult times; the Enterprise Stabilisation funding and in particular the commitment through:
Fund may be able to provide support. of the company’s bankers to the funding • eveloping action plans and building
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requirements; competitive position in the expertise to manage cash-flow and cut
Enterprise Stabilisation Fund sector; expected impact on the company’s costs
Launched in April 2009, the fund is designed productivity and the justification of the need • inking companies up with mentors and
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to help companies sustain and develop for financial assistance. productivity or cost-reduction specialists
their business. It is aimed at viable but • roviding consultants’ grants for financial
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vulnerable exporting companies: businesses Qualifying criteria advice
in the manufacturing and internationally Eligible companies should be • roviding funding for development
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traded services sectors that are experiencing • n the manufacturing and/or
I investment and working capital
difficulties in the current circumstances, internationally traded services sectors • roviding grants for research and
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notwithstanding the fact that they have • udged by Enterprise Ireland to have a
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viable products and processes and sound sound, robust and sustainable business training and management development
business models. plan that is financially viable in the • nvesting in preference shares for
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The fund is being administered by medium term implementing a business plan to sustain
Enterprise Ireland. It has a total budget • ot in difficulty before July 1, 2008, but
N and develop the business;
of €100 million over two years, with €50 now may be facing difficulties as a result of • upporting the hire of a financial manager
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million being provided in 2009 and a further the global and financial economic crisis through the Key Manager Grant
€50 million to follow in 2010. • ble to demonstrate financial
A • orking through its 31 overseas offices
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Funding is offered primarily through commitment/contribution of promoters, and overseas business accelerators to help
preference shares, repayable after five banks, other investors, etc., to the business companies access international buyers and
years and typically at a 3 per cent coupon. plan; and win new export sales; and
It is structured via a tripartite agreement • usinesses that can increase their exports
B • orking with companies impacted by the
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between Enterprise Ireland, the company as the world economy improves. dollar and Sterling decline through the
and its bank. The company, its bank and Euro-market campaign.
Enterprise Ireland are all expected to Excluded companies include
contribute to the funding requirement. • ompanies that intend to remain selling
C Knowledge-sharing with banks
exclusively on the Irish market Enterprise Ireland is also working with
Approval • ompanies that are not internationally
C the banks to share information on funding
Typical profiles of businesses that may be trading services or manufacturing options and market-sectors.
eligible for support include • ompanies that have considerable cash on
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• ompanies that are postponing
C their balance sheet and that have no plans About Enterprise Ireland
development projects and missing market for development Enterprise Ireland is the government
opportunities for cash-flow reasons • re-revenue early-stage businesses
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• ompanies whose profits have
C • ompanies that were in financial
C and promotion of the indigenous business
significantly reduced and are having to difficulties before July 2008 sector. Our mission is to accelerate the
reduce output and jobs • ompanies whose plan is not considered
C development of world-class Irish companies
• ompanies that are downsizing; and
C reasonably viable and/or cannot see a way to achieve strong positions in global markets
• arly-stage businesses where planned cash-
E to manage the balance of funds needed; resulting in increased national and regional
flow is off target. and prosperity.
For further information, existing Enterprise Ireland client companies should contact their Development Advisor, while other companies
should contact Peter Sexton, Tel: 01 727 2798, e-mail: peter.sexton@enterprise-ireland.com.