A €302,000 cash injection has been announced by the Fingal Local Enterprise Office (LEO) through a number of its grant schemes aimed at supporting 20 small and start-up businesses.
This will result in 19 direct new jobs immediately, with more than 55 new jobs planned over the coming three years in the businesses.
The latest funding figures announced by Fingal LEO will also result in significant additional spending in the local economy, boosting the local supply chain.
Announcing the latest LEO investment of over €302,000 in small businesses, LEO Fingal stated that 2018 continues to see significant growth in employment in the small business sector.
The Mayor of Fingal Cllr. Anthony Lavin and Oisin Geoghegan, Head of Enterprise presented grant approval letters of offer to the successful businesses at a specially convened awards event held in the Atrium of County Hall today. The businesses were approved for business priming grants (for start-ups), feasibility study grants, business expansion grants, Trading Online Vouchers and Micro-Exporters’ grants.
Presenting letters of offer to each of the grant approved businesses, the Mayor commented on the announcement: “I am delighted to see so many of our local businesses start-up and grow with the support of Fingal County Council through our Local Enterprise Office. Our economy continues to perform well and the contribution of small businesses to our economic growth in terms of job creation is very significant. By investing in start-ups and business growth, LEO Fingal is at the forefront of enabling local job creation and in helping us to ensure that our small businesses are given the environment they need to flourish.”
Many diverse sectors feature among the 20 approved businesses including: food and beverage manufacturers, IT and virtual reality solutions providers, supply and manufacture of candles, IT compliance management systems, luxury goods providers, international supplier of barriers, high-tech air sterilisation system, and digital communications, among others.
Announcing the latest grant approvals for the Fingal businesses, Paul Reid, Chief Executive of Fingal County Council said: “I want to congratulate all the entrepreneurs and businesses that are receiving their letters of offer today. In receiving this funding, they have demonstrated to the LEO that they have the potential to grow their business and create jobs in the local economy. The diverse mix of small businesses approved for funding is a very positive indicator that our businesses are succeeding in various different sectors. We should ensure that our local and national economic policy encourages sectoral diversity in our economy.”
Commenting on the latest round of LEO funding, the Head of Enterprise in Fingal and Chair of the national Network of Local Enterprise Offices, Oisin Geoghegan said: “The national economy and labour market is continuing to grow and I’m delighted that this trend is reflected in Fingal, underpinned by the support of the LEO office. I can’t emphasise enough how important it is for prospective entrepreneurs, and existing small businesses, to engage with their Local Enterprise Office and avail of the supports and resources available. In addition to the 20 businesses receiving funding today, many hundreds more have already attended LEO events and management training courses this year in Fingal and this is replicated in LEOs all around the country.”