GROW DIGITAL - Fund Your Digital Future
What is a Grow Digital Grant?
The Grow Digital Voucher offers small and medium businesses with up to 50 employees financial support to embrace digital technology. A digital for business project report must be completed within the previous two years.
Who is eligible to apply?
The Grow Digital Voucher is open to small enterprises* (with between 1 and 50 paid employees) who:
- have completed a Digital for Business Project within the previous two years.
- are not currently clients of Enterprise Ireland or IDA.
- are established and trading for at least 6 months, registered, and operate within the area of the Local Enterprise Office.
- are solvent as demonstrated in the financial statements supplied.
- An enterprise will be eligible to apply to the Scheme where it is a company, self-employed individual or partnership carrying on a trade or profession, the profits of which are chargeable to tax under Case I or Case II of Schedule D by virtue of section 18(2) of the Taxes Consolidation Act, 1997 (TCA). Pay As You Go (PAYG) customers are within the scope of the scheme.
- Sporting bodies that carry on activities which would be chargeable to tax under Case I or II of Schedule D but for an exemption set out in section 235 TCA are eligible to apply to the scheme.
- Charities that carry on activities that would be chargeable to tax as trading income, but for an available tax exemption under section 208 TCA, are also included within the scope of the scheme.
- Businesses must have current tax clearance from Revenue. Businesses must supply a Tax Reference Number and a Tax Clearance Access Number to allow for verification of their Tax Clearance status on Revenue’s online portal.
- Annual turnover or balance sheet total of €10 million or less.
*NOTE:
Tax under Schedule D shall be charged under the following Cases:
Case I— Tax in respect of—
(a) any trade;
(b) profits or gains arising out of lands, tenements and hereditaments in the case of any of the following concerns—
(i) quarries of stone, slate, limestone or chalk, or quarries or pits of sand, gravel or clay,
(ii) mines of coal, tin, lead, copper, pyrites, iron and other mines, and
(iii) ironworks, gasworks, salt springs or works, alum mines or works, waterworks, streams of water, canals, inland navigations, docks, drains or levels, fishings, rights of markets and fairs, tolls, railways and other ways, bridges, ferries and other concerns of the like nature having profits from or arising out of any lands, tenements or hereditaments;
Case II— Tax in respect of any profession not contained in any other Schedule
Section 235 TCA: Relief to shareholders in respect of Agricultural Income-tax attributable to dividends. Kindly click here to learn more.
Section 208 TCA: Conditions of liability to pay advance tax.
What is the value of Grow Digital?
Funding will be in the form of a grant. The grant aid will be 50% of eligible costs with minimum grant aid of €500 up to a maximum grant of €5,000 per application. Enterprises can be approved a maximum of two Grow Digital Voucher projects up to a maximum cumulative grant value of €5,000 as identified in their Digital for Business project to support their Digitalisation journey. Approval of a second Grow Digital Voucher is dependent on the demonstrated achievement of the progression of the business as outlined in the Digital for Business report. Allowable expenditure will be towards supporting the Digitalisation progression of the applicant.
Ineligible Businesses?
- Custom or bespoke software is not eligible for grant support.
- Systems for regulatory compliance do not qualify.
What are the benefits of the Grow Digital grant for businesses?
Grow Digital is about more than just technology; your purpose, people, culture and processes are all crucial to effective digital transition. For this reason, this offer covers the following areas:
- Financial Leverage
Local Enterprise Office provides financial support for businesses looking to undergo digital transformations by covering 50% of the project cost, up to a maximum of €5,000. This assistance enables businesses to implement comprehensive digital changes without facing high financial burdens.
- Expert Consultancy
Grow Digital Voucher allows businesses to benefit from expert (Articulate Digital Business) insights and recommendations, enabling the advancement of their digital strategy.
- Flexible Budgeting
Funding: Of up to €5,000 to invest in software and training/IT configuration.
Boost Efficiency: Streamline operations and enhance productivity with new digital tools.
Reach New Customers: Expand your reach and connect with a wider audience online.
Stay Competitive: Bridge the digital gap and compete effectively in today's marketplace.
- Strategic Roadmapping
The grant provides businesses with the opportunity to analyse their current digital strategy and develop a comprehensive plan for future growth. This includes identifying areas for improvement and innovation to strengthen their digital presence.
- Risk Mitigation
Businesses are able to explore new digital strategies and technologies with reduced financial risk, thanks to a significant portion of their costs being covered.
- Enhanced Digital Capabilities
The grant provides assistance to businesses seeking to improve their digital capabilities. This enables them to explore advanced technologies and strategies that help them remain competitive in the digital environment.
How The Articulate Digital Business Experts can help businesses secure the Grow Digital grant?
The Grow Digital Grant offers significant advantages for a wide range of businesses. Whether you are an established company looking to enhance your digital capabilities, a new start-up planning your digital direction, or a global corporation expanding into the Irish market, this grant can help you optimise your digital strategies.
- Expert Guidance
Our team at Articulate Digital Business are here to help your businesses navigate the grant application process. We'll make sure all the necessary requirements are taken care of so you can focus on running your business smoothly. At absolutely no cost you.
- Strategic Support
Customise digital strategies to meet the specific criteria of grant guidelines, with the goal of optimising the likelihood of approval for digital discovery grant applications.
- Deep Industry Insights
Leverage extensive knowledge of Enterprise Ireland's preferences and priorities.
- End-To-End Support
Articulate Digital Business experts will offer continuous assistance from initial application to final grant acquisition.
- Grant Maximisation
The team at Articulate Digital Business is dedicated to guiding businesses in maximising the benefits of grants to achieve optimal digital transformation.
Have you checked out AI lately? It's seriously cool and can totally revolutionise the way you do business. Think about all the ways it can boost efficiency, personalise experiences, and help you make smarter decisions based on data. When you're shopping around for an AI tool, think about what your business really needs and where you want to go. With so many options out there, it's a great time to jump on the AI bandwagon and accelerate your success. At Articulate Digital Business, we're all about using AI tech to take your digital game to the next level.
If you need help with Digital Discovery Grant Application, or any other aspect of your business, get 1-2-1 support by speaking to one of our Digital Advisors or email us on go.digital@articulatedigitalbusiness.ie.
