Minister Paul Kehoe is encouraging Wexford businesses to avail of a new €625,000 pilot competitive scheme aimed at boosting the retail sector.
The new scheme, to be delivered by Enterprise Ireland, will support retailers to strengthen their online trading capabilities in order to compete internationally.
The scheme involves grants of between €10,000 and €25,000. Minister Kehoe said the new scheme is timely given the uncertainties surrounding Brexit.
“With the retail sector becoming more online based, it’s essential Wexford businesses can compete at the highest level,” Minister Kehoe said.
The total fund size is up to €625,000. Applications for funding to include; Research, Strategy Development, Implementation, and Training will be considered on a competitive basis.
In recognition of the strong role the retail sector plays in supporting regional development and vibrant communities, at least 50% of the total number of grants awarded will be reserved for retail SMEs with their headquarters outside of county Dublin once the qualification threshold score is met.
Applicant companies must be an Irish-owned small or medium sized retail enterprise that has the potential to create jobs, generate growth in sales and internationalise their business.
The business must also have an existing online presence (e.g. website or social media); have a retail outlet and derive the majority of revenue from the retail outlet(s) and must employ at least 20 employees in the Republic of Ireland (on a full-time equivalent basis)
The pilot scheme will open at the end of October.