Having recently started my own business I am in the process of trying to ensure that I have enough cash to keep me going until business starts to take off. Reading the papers today I see that the EU has approved the Seed Capital Scheme. Can anyone advise if this is of benefit to a small company offering IT Consulting services?
Rather get answers now that waste time trawling through paperwork etc.
The Great C Mc Creevy ..announced its extension to 2007, and the boys in Brussels thought it might count as 'State Aid' and eventually cleared it end of October.
Basically the maximum individual claim is €31,750 per year.
Its a deduction against 'all income' as far as I know, but is hardly viable unless the deduction is against 42% liabilities in a lot of cases.
Call enterprise Ireland in Glasnevin and see if they can help.
There are funds announced quite often and each one can have different criteria so having a chat with someone who knows the ins and outs might save you some time.
For example, I know their RTI (research technology and innovation) fund is under-subscribed and they are looking for firms to give money to, though you must fall close to, if not within, the criteria.
They might tell you to shag off, but it's worth a call...