Shannon Development - Financial Support to Expanding and Developing Companies

Financial supports from Shannon Development to expanding or developing companies are primarily provided to enhance competitiveness and growth leading to increases sales, exports and jobs.

The funding is provided to support significant initiatives to achieve growth in client companies. In general, most of the financial supports are provided to companies only in the context of an overall business developing plan and one which has been agreed between the client and their Development Advisor (DA) within Shannon Development.

The main emphasis of our financial supports is to increase the capability of local indigenous companies in the Shannon region. Specifically this means providing assistance over the key business developing functions:

• Strategy,
• R&D, HR,
• Marketing,
• Production & Operations,
• Finance and
• e-Business.

The various Capability Building supports can be categorised under the above business functions.

Capacity Funding provided by Shannon Development is geared to help companies increase their capacity either in physical i.e. asset or in human (staff) terms. The capacity funding provided is either:

• support for increased employment, and / or
• fixed asset investment support.

In general, capacity funding provided will reflect the needs of the client and the degree of risk involved. Typically, capacity funding is in the form of non-repayable funds and or ordinary/ preference share capital.

For further details or to make an application please contact Shannon Development. Contact details are provided below.