Expanding Your Business’s Exports with Enterprise Ireland Grants

by | Mar 15, 2023 | Uncategorized | 0 comments

Exporting is a crucial driver of growth for businesses of all sizes, and Enterprise Ireland Grants provide a range of supports to help Irish businesses to expand their export activities.

In this article will explore:

  • What export marketing grants are and how they support Irish businesses
  • What types of businesses are eligible for export marketing grants in Ireland
  • Examples of Irish businesses that have utilized export marketing grants to increase their exports
  • What organizations offer export marketing grants in Ireland and what kind of support they provide
  • How export marketing grant programs in Ireland have evolved over time
  • How the COVID-19 pandemic has impacted demand for export marketing grants in Ireland and what supports are available to businesses
  • Opportunities and challenges for Irish businesses expanding their exports and how export marketing grants can help
  • The impact of export marketing grants on the Irish economy

What are export marketing grants, and how do they support Irish businesses?

Export marketing grants are financial support provided by Enterprise Ireland to Irish companies seeking to expand their export activities. These grants are designed to help businesses develop their export marketing strategies, target new markets, and win new business overseas. The grants can be used to cover a range of expenses, including market research, trade shows, and marketing materials. The objective is to support Irish businesses in growing their export revenues, improving their competitiveness, and creating more jobs in Ireland.

What types of businesses are eligible for export marketing grants in Ireland?

To be eligible for Enterprise Ireland grants, businesses must meet certain criteria. These include being registered and operating in Ireland, having a minimum turnover of €250,000, and being able to demonstrate a viable export strategy. The grants are available to companies of all sizes, from start-ups to established firms. By providing financial assistance, these grants enable businesses to focus on growing their export activities and expanding their reach in the global market.

Can you provide examples of Irish businesses that have utilized export marketing grants to increase their exports?

There are many Irish businesses that have utilized Enterprise Ireland grants to expand their export activities. For example, Dublin-based tech company Trustev used a grant to fund a marketing campaign aimed at expanding its business in the US. Similarly, Cork-based skincare company Kinvara Skincare used a grant to attend a trade show in the UK, which led to significant new business opportunities. These success stories highlight the positive impact that export marketing grants can have on Irish businesses.

What organizations offer export marketing grants in Ireland, and what kind of support do they provide?

Enterprise Ireland is the primary organization that offers export marketing grants in Ireland. They provide a range of support to Irish businesses, including grants for market research, trade shows, and marketing materials. They also offer advice and mentoring to businesses looking to develop their export strategies. Over the years, Enterprise Ireland’s grant programs have evolved to reflect changing market conditions and the needs of Irish businesses. For instance, there has been a greater emphasis on supporting businesses in sectors with high growth potential, such as fintech and life sciences. Furthermore, there has been an increased focus on helping businesses to develop digital marketing strategies.

How have export marketing grant programs in Ireland evolved over time?

Expanding exports can bring many benefits to Irish businesses, including increased revenue, access to new markets, and greater resilience in the face of economic shocks. However, it can also be a challenging process, particularly for small and medium-sized enterprises. Export marketing grants can help businesses to overcome these challenges by providing funding for activities that can help them to develop their export strategies and win new business overseas. Moreover, these grants enable businesses to access new markets and opportunities that can drive their growth and create more jobs in Ireland.

How has the COVID-19 pandemic impacted demand for export marketing grants in Ireland, and what supports are available to businesses?

The COVID-19 pandemic has had a significant impact on Irish businesses, with many experiencing a decline in demand for their products and services. However, there has also been an increased demand for export marketing grants as businesses look to diversify their markets and find new customers overseas. Enterprise Ireland has responded by offering additional supports, such as funding for online events and virtual trade shows. These measures have helped businesses to continue their export activities despite the challenges posed by the pandemic.

What are the opportunities and challenges for Irish businesses expanding their exports, and how can export marketing grants help?

The COVID-19 pandemic has had a significant impact on Irish businesses, with many experiencing a decline in demand for their products and services. However, there has also been an increased demand for export marketing grants as businesses look to diversify their markets and find new customers overseas. Enterprise Ireland has responded by offering additional supports, such as funding for online events and virtual trade shows. These measures have helped businesses to continue their export activities despite the challenges posed by the pandemic.

What is the impact of export marketing grants on the Irish economy?

Export marketing grants have had a significant impact on the Irish economy, with Irish businesses now exporting to over 180 countries worldwide. In 2020, Enterprise Ireland supported 13,600 companies, which generated €26.8 billion in exports and created over 180,000 jobs in Ireland. This demonstrates the importance of export marketing grants in supporting the growth of Irish businesses and the wider economy. By supporting Irish businesses in expanding their exports, Enterprise Ireland grants are driving economic growth and creating opportunities for businesses and workers across Ireland.

Conclusion

Enterprise Ireland Grants play a crucial role in supporting Irish businesses to expand their export activities. These grants provide a range of financial support and advice to help businesses develop their export strategies and win new business overseas. They have helped many Irish companies to enter new markets, increase their revenue, and create jobs in Ireland. Despite the challenges posed by the COVID-19 pandemic, there is still a strong demand for export marketing grants, as businesses look to diversify their markets and find new customers overseas. By continuing to support Irish businesses to expand their exports, Enterprise Ireland Grants will help to drive economic growth and create opportunities for businesses and workers across Ireland.