Unlocking the Benefits of the Trading Online Voucher Scheme for Irish Businesses

by | Mar 27, 2023 | Uncategorized | 0 comments

In today’s digital age, having a strong online presence is crucial for the success of any business. However, not all small and medium-sized businesses in Ireland have the resources to invest in their online presence. That’s where the Trading Online Voucher Scheme comes in. This scheme provides financial assistance to Irish businesses to help them grow their online presence and reach more customers. In this article, we will discuss how the scheme is helping Irish businesses and how you can apply for it.

In this article, you will be able to understand:

  • What is the Trading Online Voucher Scheme?
  • How does the Trading Online Voucher Scheme help Irish businesses?
  • Who is eligible to apply for the Trading Online Voucher Scheme in Ireland?
  • What types of expenses are covered by the Trading Online Voucher Scheme?
  • How can Irish businesses apply for the Trading Online Voucher Scheme?

What is the Trading Online Voucher Scheme?

The Trading Online Voucher Scheme is an initiative funded by the Department of Communications, Climate Action and Environment and managed by the Local Enterprise Offices. The scheme offers financial assistance to small and medium-sized businesses in Ireland to develop their online presence. The voucher can cover up to 50% of the total cost of the project, up to a maximum of €2,500.

How does the Trading Online Voucher Scheme help Irish businesses?

The Trading Online Voucher Scheme provides a range of benefits to Irish businesses, including:

  • Improving online visibility: By investing in a strong online presence, businesses can reach a wider audience and attract new customers. This can lead to an increase in sales and revenue.
  • Increasing sales: Having an e-commerce website or online store can lead to an increase in sales and revenue. Customers can easily purchase products and services online, leading to an increase in sales.
  • Enhancing customer engagement: A strong online presence can help businesses to engage with their customers more effectively, building stronger relationships and brand loyalty. By using online platforms such as social media, businesses can create a community of loyal customers.
  • Improving efficiency: An online presence can make businesses more efficient by reducing the time and resources required to complete transactions. With online payments and booking systems, businesses can process transactions faster and with fewer errors.

Who is eligible to apply for the Trading Online Voucher Scheme in Ireland?

To be eligible for the Trading Online Voucher Scheme, businesses must meet the following criteria:

  • Be a registered business in Ireland: The business must be registered with the Companies Registration Office (CRO) or the relevant local authority.
  • Have 10 or fewer employees: The business must have fewer than 10 employees.
  • Have a turnover of less than €2 million: The business must have an annual turnover of less than €2 million.
  • Be trading for a minimum of 6 months: The business must be trading for a minimum of 6 months.
  • Be able to demonstrate that the project will have a significant impact on the business’s online presence and sales: The business must demonstrate how the project will help to grow their online presence and increase sales.

What types of expenses are covered by the Trading Online Voucher Scheme?

The Trading Online Voucher Scheme covers a range of expenses related to developing or enhancing a business’s online presence, including:

  • Developing or upgrading an e-commerce website or online store: The voucher can be used to develop or upgrade an e-commerce website or online store. This can help businesses to reach new customers and increase sales.
  • Implementing online payments or booking systems: The voucher can be used to implement online payments or booking systems. This can make transactions more efficient and reduce errors.
  • Creating or enhancing an online marketing strategy, such as search engine optimization or social media advertising: The voucher can be used to create or enhance an online marketing strategy. This can help businesses to reach new customers and increase sales.
  • Developing online content, such as videos or graphics: The voucher can be used to create online content such as videos, graphics or product images. This can help businesses to showcase their products or services online and attract more customers.
  • E-commerce training and support: The voucher can be used to pay for e-commerce training and support. This can help businesses to learn new skills and implement best practices for their online presence.

How can Irish businesses apply for the Trading Online Voucher Scheme?

To apply for the Trading Online Voucher Scheme, businesses must contact their Local Enterprise Office (LEO) and fill out an application form. The LEO will then assess the application and determine if the business is eligible for the voucher. If the application is successful, the business will be issued with a voucher for up to 50% of the total cost of the project, up to a maximum of €2,500. The business must then select a supplier from the LEO’s list of approved providers and complete the project within 6 months.

Conclusion

The Trading Online Voucher Scheme is a valuable resource for small and medium-sized businesses in Ireland looking to enhance their online presence. By providing financial assistance for a range of online projects, the scheme helps businesses to increase their online visibility, attract new customers, and improve efficiency. The benefits of participating in the scheme include improving sales, enhancing customer engagement, and improving efficiency. With the help of the Trading Online Voucher Scheme, businesses can take advantage of the opportunities presented by the digital age.

If you’re an eligible business, it’s definitely worth considering applying for the scheme and taking your online presence to the next level. Having a strong online presence is crucial for the success of any business in today’s digital age. By investing in your online presence with the help of the Trading Online Voucher Scheme, you can attract more customers, increase sales, and improve efficiency.

The application process is straightforward, and businesses can apply online or in-person at their nearest LEO. With the help of the scheme, you can take your business to the next level and thrive in today’s digital landscape. Reach out to your Local Enterprise Office today and take the first step towards unlocking the benefits of the Trading Online Voucher Scheme for your business. With the right tools and resources, you can build a successful online presence and grow your business.