Refundable Grant Aid

WHAT IS REFUNDABLE AID?

Refundable Grant Aid may be available to eligible businesses. Refundable aid is similar to a refundable loan and is paid back to the Board over a period of time at an agreed interest rate.

Refundable aid can be applied for towards the purchase of fixed assets such as machinery, equipment and/or towards the cost of building or adapting a work premises.

Maximum refundable loan is available is 50% of VAT exclusive costs on eligible expenditure. The promoter must provide match funding for the balance of the proposed investment.

HOW MUCH CAN I GET?

Maximum refundable aid available is 50% of eligible costs to a maximum of €75,000.  A moratorium on repayments can be applied for.