What funding is available?

Finance for setting up a new business may be available from various government and support organisations. Funding applications are normally judged on the soundness of the proposed enterprise, the strength of the business plan submitted and the overall viability of a project.

The sourcing of funding is often complicated. Rural Enterprise Advisers are perhaps the best starting point from which to determine how to proceed with trying to obtain funding.

The main sources as they apply to farmers are:

Department of Agriculture & Rural Development

The Department of Agriculture & Rural Development will provide grant assistance for on-farm and off-farm diversification projects through a range of programmes under the new round of EU Structural Funds 2001-2006.

Rural Development Programme

The Programme will be managed by the Department of Agriculture and Rural Development in partnership with the Rural Development Council and the Rural Community Network. It will also be delivered by Leader + Action Groups and Natural Resource Rural Tourism Partnerships.
This Programme Website will help guide you through the key aspects of the Programme. Rural Development Programme

Business Innovation Link

Business Innovation Link is intended for the inventor or individual with a good product idea who is seeking technical advice and financial support towards product design and development. Further information is available on 028 9041 9970.

Shell LiveWIRE Shell LiveWIRE provides advice, information and funding for young people under 30 years of age to help them start up in business. Contact 028 9055 3800 or visit the LiveWire web site.

Prince's Youth Business Trust

The Prince's Youth Business Trust helps young people make a success of their lives by providing training, grants and support for young business start-ups. Further information can be obtained on 028 9074 5454 or visit the Prince's Youth Business Trust web site