Ifac highlights supports for local businesses

Ifac, Ireland’s farming, food and agribusiness specialist professional services firm has this week highlighted the multiple supports available to Roscommon businesses that are looking to manage the challenges they are facing and grow their business.

David Leydon, Head of Food and AgriBusiness with ifac says: “As Roscommon business owners look to manage the challenges that Brexit, Covid-19, climate change and digitalisation present, it’s important to make sure that all available resources are being actively considered”.

One of Enterprise Ireland’s latest supports is the Digitalisation Voucher. This support is becoming increasingly important as consumers now demand a streamlined digital offering regardless of the product or service.

David continued: “It is imperative that any business looking to develop their digital muscle should avail of this grant. It has been designed to aid businesses to prepare a plan for the adoption of digital tools and techniques across the business including process optimisation, improving digital customer experience and data management”.

Businesses must audit their current digital capabilities, including their internal strengths and gaps before reviewing potential external threats including cyber threats or competitor activities.

To support businesses struggling in the wake of Brexit, the Brexit Impact Loan Scheme (BILS) has been developed by the SBCI in partnership with the Department of Enterprise, Trade and Employment, the Department of Agriculture, the European Investment Fund and the European Investment Bank to offer affordable medium-term finance to businesses that have been negatively impacted by Covid-19 and Brexit.

With businesses also looking to reduce emissions and improve their environmental focus, Enterprise Ireland has developed the Climate Enterprise Action Fund which consists of several supports including the Climate Action Voucher, GreenStart and GreenPlus.

David commented: “With the recent publication of the Climate Action Plan 2021, it is evident that businesses must begin taking decisive action to reduce their greenhouse gas emissions in order to achieve the 2030 targets. Funding this change can be expensive but utilising the Climate Enterprise Action Fund can allow more businesses to make this change”.