UPDATE APRIL 2020 – COVID 19 Supplement to Scheme
To assist business struggling to stay open due to the COVID19 Pandemic all applications received between April 7th 2020 to September 30th 2020 can receive a subsidy to cover up to 90% of the total cost of the project. Essentially this means businesses need only fund 10% of the total build of their website. Unfortunately the same total amount that can be claimed back remains at €2,500.
More to follow on this in a later post.
The Trading Online Application Form (available from your LEO), goes into great detail about what the voucher is, such as who can apply for it, what it can be used for (and what it can’t) and how to apply.
“The voucher is a financial incentive to small businesses to develop or enhance their ability to trade online.Under the scheme a qualifying business may apply for matched funding to a maximum value of €2,500 or 50% of eligible expenditure (exclusive of VAT), whichever is the lesser. Following approval of their application, a successful applicant can engage suppliers and upon completion of the work, submit a request for payment to the LEO in line with the terms and conditions of their voucher.
Information seminars will be available to prospective applicants to support them in their application process and it will be a condition of applying for the vouchers that applicants attend one of these seminars.At each seminar attendees will be informed of the purpose of the scheme and how best to use and get value from the application of the voucher.
The application process for the vouchers will be a competitive process
– Trading Online Application Form
DOWNLOAD THE LEO APPLICATION FORM
You Can Download the application form online on the LEO Website
Am I Eligible for a LEO Online Trading Voucher?
If your business meets the following criteria then it may be eligible to apply for the Online Trading voucher.
- Limited Online Trading presence;
- 10 or less employees;
- Turnover less than €2m;
- Applicant business must be trading for at least 12 months;
- Business must be located in the area covered by this phase of the scheme i.e. within the remit of the participating LEOs.
The application process is quite thorough and as part of the process applicants will be required to attend an information session on how to use and get the best ROI from it.
The scheme is only open to businesses that have a product or service that they can sell online, as such it cannot be claimed against the building of a brochure or catalogue website. It is possible that the voucher could be used against an online booking website (for example a health spa) or for a site that sells gift vouchers. The one imperative is that a transaction needs to be completed online with full payment made through the website.
Time to get a move on
The LEO Trading Online Voucher is available for businesses in any industry and the good news is it’s not too late to get a grant application in to access this funding, however as it is a competitive application it is better to get your application in sooner rather than later.
As some LEOs only accept applications every two months, others certain times of the year and some will only issue funding in batches/rounds, We recommend to get in touch with us as soon as possible.