Bord Bia launches €400,000 fund for small businesses

Bord Bia has announced a new financial support, Step Change Programme’, worth €400,000 for small food, drink and horticulture businesses.

The details of the €400,000 fund were shared with over 170 small businesses in Dublin for Bord Bia’s fifth annual Small Business Open Day.

The grant scheme is aimed at companies, with a turnover between €100,000 and €5 million, embarking on a new project to take their business to the next level.

In 2015, Bord Bia expects the ‘Step Change Programme’ will benefit at least eight high potential Irish businesses with individual grants of up to €50,000.

Opening the conference the Minister of the State at the Department of Agriculture, Food and the Minister Tom Hayes told delegates that Ireland needs entrepreneurs.

“We have to have risk takers who will venture out and set up businesses that directly contribute to economic recovery. Your company’s growth underpins the wider local community and the image of Ireland as a provider of high quality, innovative and sustainable food and drink excellence. Bord Bia and the support agencies are on hand not just today but through your various stages of growth.”

Tara McCarthy, Bord Bia’s Director of Food and Beverages said the new enhanced grants programme has been designed to assist progressive small food, drink and horticulture companies to fund a significant project that will positively impact the company’s growth.

“Applicants must demonstrate new, innovative developments and activities, which will involve a considerable departure for the company, for example, a product launch on a new export market, establishing a new route to market or launching a new brand range.”

Bord Bia’s existing financial programme, Marketing Assistance Programme, which provided 186 companies with a total of €976,000 in marketing grant aid in 2014, will operate as normal.

The closing date for receipt of applications for both the financial programmes is Friday, February 6, 2015. For more information, visit www.bordbiavantage.ie

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