Fit for purpose funding
A strong funding strategy is essential for founders to grow, innovate, and compete. From product development to scaling operations, access to capital is a critical enabler. Ireland offers a diverse funding landscape — from Enterprise Ireland and Local Enterprise Offices to angel investors and VC firms — but navigating it remains a major challenge.
Our survey found funding access is the top concern for founders, with 77% rating grant applications as complex and 50% saying the same for research funding. Tax incentives like R&D credits are viewed positively, but others — such as CGT Relief, EIIS, and KEEP — received more negative than positive feedback.
The recent government report on scaling finance highlights a significant equity gap for growing businesses. To unlock Ireland’s full entrepreneurial potential, funding schemes must be simplified, better promoted, and improved to meet founders’ needs.
Key recommendations:
Increase awareness of existing supports for founders and investors, and streamline application processes.
Improve the EIIS to make it more accessible for SMEs, including allowing losses to offset CGT.
Extend the KEEP scheme beyond 2025 and simplify its administration.
Act on the findings of the government’s scaling finance report by introducing targeted
interventions.
Fast-track the implementation of Enterprise Ireland’s proposed scaling fund.
Launch a 5-year Strategic Investment Scheme to help founders expand into new markets through investment in tech, training, marketing, and innovation.
Introduce a government-backed export credit insurance scheme to protect against non-payment risks in international markets.
Raise awareness and provide guidance on EU programmes like Horizon Europe and the European Innovation Council.
Advance EU capital markets union efforts to improve cross-border investment and access to nonbank financing for Irish startups.