One of the many supports provided by Enterprise Ireland to their clients includes the Strategic Consultancy Grant
Overview of the Strategic Consultancy Grant
The SME Strategic Consultancy grant can support the cost of hiring Strategic Consultants to assist in the development and/or implementation of strategic initiatives in the SME. It is designed to facilitate business growth as the consultants can act as coach, mentor, facilitator, analyst, negotiator and/or operator for the company.
Eligible projects must be new assignments of strategic significance to the company such as a specific strategic review of one or more business functions and/or implementation of a new strategic initiative at a corporate or functional level.
The Strategic Consultancy Grant cannot be used to subsidise regular company operating costs. Routine or ongoing outsourced consultancy costs such as PR, marketing, legal, financial costs are not eligible for support.
Consultancy costs relating to an Acumen Consultancy or Acumen Prospector assignment, pre-approved by Intertrade Ireland, must also apply for grant support using the Strategic Consultancy Grant online application forms.
Am I eligible?
Eligible companies include;
A manufacturing or internationally traded services SME company employing 10-249 people.
Companies not eligible to receive the support applied for from An Bord Bia or An Bord Iascaigh Mhara.
What costs are eligible and what is the maximum funding available?
Up to 50% of the costs incurred in hiring a consultant to a maximum grant amount of €35,000. Applications are considered on a case-by-case basis and the level of funding will be determined following assessment of;
(a) the merits of providing grant support to the activity set out in the application
(b) the need for financial support
(c) previous funding provided to the company
(d) potential for employment and sales growth
Receipt of other grants from Enterprise Ireland may impact on your eligibility for support under this initiative.
Maximum Limits and Notes
Costs of hiring a specialist consultant to input into or undertake the proposed project.
Max. Consultancy rate is €900 per day.
Daily rate to be inclusive of travel and subsistence and all out-of-pocket expenses.
Where more than one consultant is being used from the same firm the daily rate applies to the firm.
Where there is more than one consultancy firm involved on the project, the rate applies to each firm separately.
Acumen Consultancy: Support of up to 50% of the cost of the consultancy at a maximum daily rate of €900, up to a maximum grant of €5,000. The consultancy period can be spread over a six to twelve month period.
Acumen Prospector: Support of up to 50% of the cost of the consultancy at a maximum daily rate of €900, up to a maximum grant of €10,000. The Prospector consultancy period can be spread over a six to twelve month period.
How do I Apply?
Apply via the Enterprise Ireland Online Application System.
Prior to applying you must do the following:
Contact your assigned Enterprise Ireland Adviser to discuss your application.
First time applicants will be required to register on the Enterprise Ireland Online Application System.
Any expenditure incurred prior to receipt of the application will not be eligible for grant aid.
Call close dates
You may apply all year.
Key contact/more information
Contact your Enterprise Ireland Adviser.
If you are seeking consultancy grant support for an Acumen Consultancy or Acumen Prospector assignment, go to Acumen Programme.
This information courtesy of Enterprise Ireland 10th September 2019.