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Thursday, 10th January 2019

New funding will support local small businesses – O’Dowd

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Deputy Fergus O'Dowd.

New funding announced today will, according Fine Gael Deputy Fergus O’Dowd, help small local businesses to develop their online capabilities.

Deputy O’Dowd said the Trading Online Voucher Scheme which is backed by the Department of Communications, Climate Action and the Environment, will support small/micro businesses to develop their e-commerce capabilities through the provision of training, advice and grant assistance of up to €2,500 (subject to match funding).

“The Trading Online Voucher Scheme is essential to helping small business in the North East adapt to the changes and increase further productive growth and job creation” Deputy O’Dowd said.

“In 2018, the government supported 34 local businesses here in Louth with funding as part of the Scheme.

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“The government will continue developing commerce and job creation, both nationally and regionally.”

Minister Richard Bruton said: “There is a digital revolution taking place which is transforming how businesses are interacting with their customers. We must support small businesses in keeping pace with this rapidly changing environment.

“Irish consumers spent approximately €7.8bn online in 2018, with this figure expected to exceed €10bn by 2020. It is of critical importance that small Irish businesses are well positioned to take a share of this market.

“The Trading Online Voucher Scheme provides much needed support in this regard and I am delighted that at least 3,000 small businesses will avail of it in 2019.”

Since launching in 2014, over 5,000 businesses have been granted funding and 12,000 supported with training through the scheme.

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