How to Apply for Department for the Economy (Northern Ireland) Supports and Grants

Innovation Vouchers are available to help businesses collaborate with knowledge providers to develop innovative solutions. To apply, follow these steps:
  1. Identify a Knowledge Provider: Partner with a university, college, or research organization.
  2. Define the Project: Develop a project plan that outlines the innovative work to be done.
  3. Complete the Application: Submit an application for an Innovation Voucher through the DfE’s portal.
  4. Implement the Project: Use the funding to support the collaboration and complete the project.
Example: Kevin’s software company partnered with a local university to develop a new AI algorithm using an Innovation Voucher. The collaboration resulted in a cutting-edge product that boosted sales.
How to Apply for the Start-Up Loan Scheme?
The Start-Up Loan Scheme provides financial support to new businesses in the early stages of development. The application process includes:
  1. Assess Your Funding Needs: Determine the amount of funding required and the purpose of the loan.
  2. Prepare Financial Documents: Gather necessary documents, including financial statements, business plans, and cash flow projections.
  3. Complete the Loan Application: Fill out the start-up loan application form, providing detailed information about your business and funding needs.
  4. Submit the Application: Submit the completed application and supporting documents to the DfE.
  5. Review and Approval: The DfE will review the application and may request additional information or clarification.
  6. Disbursement of Funds: If approved, the loan funds will be disbursed to your business account.
Example: Laura’s bakery used a start-up loan from the DfE to purchase equipment and renovate her shop, enabling her to open her business successfully.
How to Apply for Export Assistance Grants?
Export Assistance Grants support businesses looking to expand into international markets. The application process includes:
  1. Conduct Market Research: Identify target markets and develop an export strategy.
  2. Prepare a Proposal: Outline your export plan, including market entry methods and marketing activities.
  3. Complete the Application: Submit the export assistance grant application form with supporting documents.
  4. Review and Approval: The DfE will review the application and, if approved, provide funding to support your export activities.
Example: Peter’s fashion brand used an export assistance grant to establish a presence in Europe, funding trade show participation and marketing campaigns.

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