Government Support for Businesses

Enterprise Ireland

Enterprise Ireland supports Businesses through:

1. Trade Fair Events
2. Funding Support
3. Export Assistance
4. Research and Development

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5. Trade Fair Events: Organises trade missions, fairs, and knowledge events to help Irish businesses connect with international markets.
6. Funding Support: Provides funding for start-ups, expansion plans, research and development, and business plans.
7. Export Assistance: Offers marketing services and connections through its international offices to help with export growth.
8. Research and Development: Encourages collaboration with research institutions to develop new technologies and products.

IDA Ireland

IDA Ireland support Businesses through:

9. Data on Ireland
10. Suitable Locations Research
11. Networking with local industry
12. Developing third level links

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13. Data on Ireland: Provides information on key business sectors, market size, trends, and employment figures.
14. Suitable Locations Research: Offers advice on property and industrial bases for international investors.
15. Networking with local industry: Introduces investors to local industry, government, and service providers to build relationships.
16. Developing third level links: Connects businesses with educational and research centres to ensure necessary skills and development capabilities.

Other ways Government supports Business

The government can also introduce policies which support Business. These include:

• Government Taxes/Policies: Government taxes and policies impact business costs and profitability. High corporate taxes, VAT, and payroll taxes increase expenses, reducing net profits. Conversely, tax incentives and favorable policies can attract investment and stimulate growth. These policies influence strategic decisions like location, expansion, and capital investment.
• Government Grants: Government grants provide financial support for projects such as research, development, and expansion. They help mitigate financial risks, enabling businesses to undertake high-cost or high-risk ventures. Grants also promote growth in strategic sectors like sustainability and technology, fostering innovation.
• Government Regulations: Government regulations set standards for health, safety, environmental protection, and fair trade. Compliance can add costs, such as for safety equipment and training. These regulations ensure consumer protection and sustainable practices but can also create barriers to entry and influence operations. Non-compliance can result in penalties and legal issues.