While Dublin’s vibrant culture, skilled workforce and business-friendly environment all play a role in attracting investment, it’s no secret that many firms base their operations here to take advantage of the favourable tax incentives provided by the state. Corporation tax in Ireland is among the lowest in the world. But there’s also plenty of tax reliefs and incentives for those who invest in research and innovation. From a more practical point of
How to access business grants in Ireland
There is an extensive range of state supports available to companies that base themselves in Dublin. It’s one of the many reasons investment in the city is so strong. The support and financial grants available will depend on your company’s size, sector and plans for R&D.
Here’s an introduction to the business grants and supports you may be able to access.
For foreign direct investment
For both established and emerging multinationals, the IDA provides a comprehensive range of services. It is a long-established, semi-state agency that is uniquely qualified to help overseas companies establish or expand their operations in Dublin.
From arranging introductions with key government and industry officials, through to providing grants and other investment incentives, the IDA is a crucial point of contact for every company moving to Dublin.
Enterprise Ireland is another relevant government organisation. It’s responsible for funding and supporting high potential international startups. You can find out more about its wide range of programmes and funding for startups.
For Irish-owned companies
Enterprise Ireland is also responsible for the development and growth of Irish enterprises in world markets – whatever stage of development they’re at. Funding, mentoring and training are among the support services it offers. It will also help businesses find potential collaborators for R&D initiatives and overseas expansion.
There are also four Dublin-based Local Enterprise Offices: one in the city centre, one in south Dublin, one in Dún Laoghaire-Rathdown and one in the Fingal area. Through grants, funding, mentoring and training, they support startups and micro-enterprises with up to ten employees.
For businesses in the food, drink or horticultural sectors, the Irish food board – Bord Bia – also offers a range of supports. Lots of other business networks and industry associations provide business grants and supports too. So be sure to research the Irish organisations relevant to your company’s sector.
For companies interested in R&D initiatives
For companies interested in research and development, the IDA has a range of specific grants and programmes that can help. This includes funding and support mechanisms, like employment and training grants. There are also generous tax incentives, including a 25% R&D tax credit, to encourage investment.
A wide range of research centres are also based in Dublin. These innovative labs and research spaces fuel and support business innovation. Individual centres specialise in everything from nanotechnology to marine science.
Here’s a list of the facilities located in Dublin:
- ADAPT – Centre for Digital Content Platform Research
- AMBER – Advanced Materials and Bio-Engineering Research
- BEACON – Bioeconomy Research Centre
- CONNECT – SFI Research Centre for Future Networks and Communications
- Enterprise Ireland – The Technology Centre programme
- FutureNeuro – SFI Research Centre for Neurological Diseases
- iCrag – Irish Centre for Research in Applied Geosciences
- iForm – SFI Research Centre for Advanced Manufacturing
- INSIGHT – Big Data and Analytics Research Centre
- UCD research institutes
- TCD research institutes
- TU Dublin – DIT college of sciences and health research institutes
Other sources of business loans and funding
Here’s some popular options:
- The Strategic Banking Corporation of Ireland: This strategic company aims to provide access to flexible, low-cost funding in order to create a competitive and dynamic SME sector in Ireland.
- Microfinance Ireland: It provides small business loans of €2,000 to €25,000 to startups and microenterprises through the Irish Government’s Microenterprise Loan Fund.
- The Ireland Strategic Investment Fund: This fund has a statutory mandate to commercially invest in businesses in a way that supports Irish economic activity and employment.
- The Disruptive Technologies Innovation Fund: This fund is aimed at industry, academics, innovators and entrepreneurs who have an interest in the development of disruptive technologies.
- The Employment Investment Incentive: This is another tax incentive which aims to help companies raise finance. It provides tax relief to investors who provide equity-based finance to startups that create employment.
Venture capital firms in the city
Many venture capital firms in Dublin can also assist with business funding. These include:
- Venture capital firms
- ACT Venture Capital
- AIB Seed Capital Fund
- Arch Venture Partners Europe
- Atlantic Bridge Capital
- Business Venture Partners
- Carlyle Cardinal Ireland
- Clarendon Fund Managers
- Crescent Capital
- Delta Partners
- Development Capital
- Draper Esprit
- Dublin BIC
- Enterprise Equity
- Fountain Healthcare Partners
- Greencoat Capital
- Innovation Ulster
- Invest Europe
- Kernel Capital
- MML Capital
- Pentech Ventures
- Silicon Valley Bank
- Sure Valley Ventures
- Synova Capital LLP
- University Bridge Fund
Crowdfunding has significantly grown in recent years and is now a considerable source of business funding in Ireland. It is a great option for startups and SMEs, in particular. Dublin-based crowdfunding platforms include Spark Crowdfunding, Linked Finance and FundIt.
Right now, crowdfunding is an unregulated activity in Ireland. But from November 2021, European legislation will apply.
Dublin has office spaces suitable for fledgling startups right through to international corporations. From bijou to the very big, from new builds to colourful Georgian conversions, it’s all on offer in the city. Whatever your needs, you’ll be able to find the perfect base for your business. It doesn’t matter whether you’re looking for a 55m² retail unit or a 12,000m² office space. Available locations include city-centre high-rises in the city’s Central Business District and leafy suburban office parks. Thanks to ongoing development, Dublin’s pro
Ireland is one of the easiest countries in Europe in which to start a business. If you require a visa to live here, there’s even special programmes to speed up the process for entrepreneurs. If you’re seriously considering bringing an investment to Dublin, here’s an overview of all the legal matters you’ll need to know about. Regulation Irish regulators, across different sectors, have a strong reputation for excellence. These include: The Central Bank of Ireland, which is the regulator of all financial services firms in Ireland The Health Products Regulatory