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311785374015 00 Application for Funding SupportPowering the Regions: Enterprise Centre FundCompany/Centre Name:Company Address:CRO No: Client Type:(Not-for-profit DAC or CLG/ For-Profit Centre or Campus Incubation Centre)Regional Development Advisor Name: Legal Basis: Industrial Development Act 1998, Section 7 The Powering the Regions – Enterprise Centres Fund shall be administered in accordance with Section 7 (1) (i) of the Industrial Development (Enterprise Ireland) Act 1998. EU State Aid Policy:The Powering the Regions – Enterprise Centres Fund is operated in accordance with EU Commission Regulation (EU) No 1407/2013 (De Minimis Aid). The De Minimis Aid is applied to the enterprise centre as the beneficiary of the pany Profile:Client Type:Company / Partnership: Company Details:Registered Company Name: Company Registration Number:Trading Name if different (if any)Basic Company Information:Address: Telephone Number:Web AddressName of Regional Development Adviser:Number of Companies Located in the CentreNumber of EmployeesPrincipal Business Activity: (Include product/service key words to facilitate online search)Company Group Structure:Is the company part of a group structure?Y/NIf yes please provide details of the group structure and associated companies (including names of other group companies, total sales and total employment numbers)Company Profile and History:Year trading commenced:Company History:Please provide an overview of the company's trading historyOwnership and Management Structure:Name of Shareholder (individual or company)Type of investorNumber of Shares% ShareholdingAmount InvestedCurrent Product and/or Service Offering:Highlight here achievements to-date:Contact DetailsContact Details:Name: Job Title:Email Address:Phone Number:Twitter (full URL):LinkedIn (full URL)Financial Details:Financial DetailsNumber of Direct Employees:Actual Turnover in 2019:Profit/Loss for 2019: Actual Turnover Q1 and Q2 2020:Profit/Loss in Q1 and Q2 2020: Projected Turnover for Q3 and Q4 2020: Projected Profit/Loss for Q3 and Q4 2020:Note: Please provide the following:Latest set of Audited Accounts (include 2019 accounts if not part of the Audited Accounts). Management Accounts for Q1 and Q2 2020Financial projections for 2020/2021 (Appendix A)Project DetailsOVERVIEW OF COMPANY AND SERVICESPlease outline the amount and categories of space currently available and the number of people employed in the Client Companies located in the CentrePlease outline additional supports and services provided by the Centre to Client Companies and other external partiesType here: (Max 6 pages)EVIDENCE OF FINANCIAL NEED AND CURRENT FINANCIAL POSITION OF THE APPLICANTDUE TO THE IMPACTS ON THE BUSINESS AS A RESULT OF ‘COVID-19’? – 20%Provide evidence of a minimum net loss of 15% to the business of the applicant entity between 2019 and 2020 as a result of the COVID-19 outbreak. Outline the likely impact of this on the remit of the enterprise centre. Demonstrate the need for funding by providing detailed accounts of the enterprise centre’s cash flow and current financial position for 2019 and 2020. Outline and quantify the negative impacts on the business of ‘Covid-19’Type here: (Max 4 pages, plus append last audited accounts and management accounts to include 2019 & 2020)PROPOSED ACTIONS AND IMPACTS OF THE BUSINESS RECOVERY PLAN AND THE PATHWAY TO FINANCIAL VIABILITY AND SUSTAINABILITY – 40%PROJECT PLAN FOR BUSINESS CONTINUITYDetail the planned actions and impacts of the proposed business recovery planDetail how the Recovery Plan will provide a pathway to financial viability and sustainability to the applicant company within a 12 to 24-month timeframe. Outline any proposed innovative solutions in service delivery to meet the challenges presented by COVID-19, for example, Digitalisation and Collaboration.Demonstrate value for money.Type here: (Max 8 pages)TRACK RECORD OF THE CENTRE IN DELIVERING CAPABILITY DEVELOPMENT PROGRAMMES AND CORE SUPPORT SERVICES TO THEIR CLIENT COMPANIES - 20%Outline the core services delivered to the centre’s client companies in 2019 and the results achieved.Outline the track record of your centre in delivering and implementing capability development programmes and other initiatives in support of clientsType here: (Max 4 pages)CAPABILITY TO CONTINUE DRIVING REGIONAL ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP SUPPORTS – 20%Outline how the recovery plan will help drive capability and resilience in client companiesOutline the impact of the centre’s supports on regional enterprise development over the past 12 to 24 months.Outline your management structure and capabilities; how they will drive the delivery of the recovery planOutline how the Recovery Plan will link and support regional enterprise development.Type here: (Max 4 pages)EXPENDITURE TOWARDS WHICH ASSISTANCE IS SOUGHTNote: The level of funding requested from Enterprise Ireland should be based on an assessment of your company’s cashflow projection for the next 6 to 12 months.PROJECT COSTSTotal Cost of Sustaining Enterprise ProjectSalariesCapital ExpenditureOther* *Include, for example, costs such as Materials, Consultancy, Travel, Rent, Broadband, etc .Total Support sought from Enterprise IrelandDetailed Recovery Plan costsSalaries and OverheadsSALARIES AND OVERHEADSNotes:Eligible salary costs to exclude employer’s PRSI, bonus and commission;A maximum grant of up to 80% of eligible salary, or €40k per person whichever is the lesser over a period of no more than 6 months. Salary levels are capped at a rate of €80,000 per annum, per person; this funding will only apply to elements that are not supported by the COVID payments. Roles for which funding is been sought from Enterprise Ireland must be clearly assigned with responsibilities relating to the implementation of the work programme;Only salary costs in respect of time spent on the work programme shall be deemed eligible costs.? NameSalary Cost € Total SalariesOverheads: May not exceed 30% of Salary Costs Total Overheads: Total Salaries and OverheadsTotal Salaries and OverheadsFor Enterprise Ireland use only:Detail below expenditure disallowed (if any)Expenditure allowed:Consultancy FeesCONSULTANCY FEESNotes:Costs of hiring appropriate external experts required to drive key elements of the work programme is set at a maximum grant of €40k over a 12-month period or 80% of eligible costs whichever is the lesser, for activity outlined in the Recovery Plan.? The maximum daily rate is up to €900 per day, (subject to agreement with Enterprise Ireland) to support the hiring of appropriate external experts required to drive key elements of the work programme;Where more than one consultant is being used from the same firm the daily rates will apply to the firm;The daily rate is to be inclusive of consultant’s time and all associated travel, subsistence and out of pocket expenses.Consultancy costsNameFunctionCost per dayNo of DaysSub-total Total Consultancy Fees:For Enterprise Ireland use only:Detail below expenditure disallowed (if any)Expenditure allowed:Renovation, Refurbishment & Equipment(Support for costs that are deemed justified under the Recovery Plan)RENOVATION, REFURBISHMENT & EQUIPMENTNotes:Enterprise Ireland will provide a maximum grant of 80% of eligible expenditure towards the renovation/refurbishment/modification costs of the existing premises to essential Covid 19 requirementsEnterprise Ireland will allow modification costs under the following headings:Internal structural work Essential upgrade to existing facilitiesUpgrade of Broadband/Wi-Fi accessEquipment/Fit-out including hardware and software Equipment must be less than 5 years old; hardware and software must be new.Hot desk facilitiesModifications may not include works that can be considered by Enterprise Ireland as routine/minor/wear and tear/maintenance work etc.;With regard to modification costs the groups must own the building or must hold a long-term lease. TypeDescriptionSub-totalRenovation, Refurbishment & Equipment Internal structural workEssential upgrades to existing facilitiesUpgrade of Broadband Hot desk facilitiesEquipment/Fit out costs Total Capital Costs:For Enterprise Ireland use only:Detail below expenditure disallowed (if any)Expenditure allowed:Promotional ActivitiesPROMOTIONAL ACTIVITIESNotes:A maximum grant of €9,000 or 80% of eligible costs, whichever is the lesser, over the period of funding to support communication activities required to implement its recovery plan by a successful applicant. This may include awareness events and website costs. Promotional costsTypeSub-totalAwareness eventsWebsite costs Total Promotional Activity Costs:For Enterprise Ireland use only:Detail below expenditure disallowed (if any)Expenditure allowed:Aggregate Costs as per application:For Enterprise Ireland use only: Aggregate Costs allowed:Amount of aid sought from Enterprise Ireland Please provide detail on the requested amount of aid sought (amounts in €’000).Form of Aid: GrantRecovery Plan Expenditure (The combined aggregate expenditure outlined in the headings above)Total Grant Sought Grant %(Up to 80%)Incentive for supporting this projectOutline the reasons why Enterprise Ireland should support your application – specifically addressing how this support will provide an incentive to the following – maintaining size/scale of project; continue/increase scope of project deliverables; bring the centre to a viable/sustainable financial positionIf successful, what would be the likely business impact to the company? What would be the impact of not receiving financial support from Enterprise Ireland?Include information on any additional economic benefits of the plan. SOURCES AND STATUS OF FUNDINGOutline where the funding will come from to implement the business plan e.g. bank loan, additional equity from promoters/existing shareholders or from other sources and the likelihood of securing the funding.Existing FacilitiesProvider (e.g. bank)€ValueWorking Capital FacilitiesOverdraftLoan Facilities of less than 1 yearEquityNew FacilitiesProvider (e.g. bank)€ValueWorking Capital Facilities OverdraftLoan Facilities of over 1 yearEquityAre debt facilities (working capital/overdraft/loan) currently adhering to terms set by lenders, or has the company needed to alter/fall behind in some aspects of the repayment schedule? If so, provide details of same e.g. quantum /when did difficulties occur:Max 10 linesFinanceFINANCIAL RESULTS & PROJECTIONSComplete the table below. The figures in the table should correlate to your existing accounts and the cashflows being submitted as part of this application.Trading PositionBase Year-1 (e.g. 2018)Base Year* (e.g. 2019)Current Year (e.g. 2020)Base Year+1 (e.g. 2021)Base Year+2 (e.g. 2022)Fin. Year End31-Dec-201831-Dec-201931-Dec-202031-Dec-202131-Dec-2022(€000’s)(€000’s)(€000’s)(€000’s)(€000’s)TurnoverOverheads/ExpenditureGross ProfitEBITDA**Cash at bankTotal Employment (# FTE ’s)Notes: *Base Year is the last complete financial year. **EBITDA refers to Earnings before interest, tax, depreciation and amortisation.PROJECTED TRADING POSITION Comment on the expected trading position for future years including sales, cost structure, margin and profitability. Identify and highlight any financial risk & key dependencies in the business plan as well as risk mitigation for these; (e.g. cost cuts if revenue targets fail to materialize); Detail key assumptions underpinning the projections.DETAIL ENGAGEMENT WITH COVID-19 SUPPORTS PROVIDED VIA OTHER GOVERNMENT BODIESPublic BodyHave you applied for support?Have you been approved?Comment on statusStrategic Banking Corporation IrelandRevenue Temporary Wage Subsidy SchemeLocal Enterprise OfficeOther (please specify)Standard DeclarationStandard DeclarationNote: A fully completed Declaration is required for your application to be deemed valid.Please ensure that you complete the Declaration in full.A Director of the Company or the Promoter should complete this Declaration.De Minimis Aid 1 ReceivedHas the Company or any other Company within its group structure received De Minimis Aid in thelast three years from Enterprise Ireland or any other State Body/ Agency? If YES, state how much De Minimis Aid has been granted to the Company or any other company within its group structure.De Minimis AidTypeAmountDateTotal:0State Aid & SME StatusIs the Company part of a group 2 structure?Is the Company a Micro/Small/ Medium/ Large Enterprise 3 ? The Company confirms that neither it nor any Company within its group structure has sought or will seek aid from any other State Agency in respect of the expenditure applied for in this application.ORThe Promoter confirms that neither he/she nor the Company nor any Company within the Company’s group structure has sought or will seek aid from any other State Agency in respect of the expenditure applied for in this application.State Aid ModernisationThe Company or the Promoter confirms that details in respect of approvals greater than or equal to support of €500,000 will be published on a State Aid website, in accordance with the State Aid Modernisation process.Further information on State Aid Modernisation and the details to be published can be found here .Restrictive Measures in ForceThe Company represents and warrants that it is not directly or indirectly, by way of funding or shareholding,covered by the European Council decisions, (2014/386/CFSP) and (2014/512/CFSP), (extended to 31 January 2016 and 23 June 2016 respectively) concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. Further information available here .GDPR ComplianceEnterprise Ireland is committed to its transparency obligations under the General Data Protection RegulationOur data protection notice for personal data that is supplied to us by our clients is available here This notice contains important information about how we process personal data that is supplied to us by clients.We request that you read the notice carefully and that you ensure that it is made available to any data subjects (e.g. your employees) whose personal data you provide to us.By clicking I agree, you confirm that:you have complied with your own data protection obligations in respect of the personal data thatyou supply to us and that you are entitled to disclose such personal data to us; andyou will ensure that a copy of our data protection notice (available here) is sent to data subjects (e.g. your employees) whose personal data you provide to us.I agreeYesCompany DirectorsEnterprise Ireland will use a secure online platform for e-signatures. Please provide the names of two Company Directors who are authorised to enter into legal agreements with Enterprise Ireland. Please also include their e-mail addresses. Director/SecretaryNameEmail AddressSignature 1:Signature 2:* If the Company only has one Director please provide the name and e-mail address of that Director above. ** A Company Secretary may sign in lieu of another Director, provided the Company Secretary has the authorisation to enter into legal agreements with Enterprise IrelandDIRECTOR/ PROMOTERName of Promoter or Company’s Authorised Officer:Position in the company:Date:Date is automatically stamped once your application is submitted.Footnotes:. 1 . 2 That is, is the company one of a group of companies which comprise a holding company and one or more subsidiarises?. 3 applications must be received by Enterprise Ireland: GA-ECS@enterprise-no later than 12.00PM on Wednesday 30th September 2020Applications received after 12.00PM on the 30th of September 2020 will not be considered.Appendix ACashflow ProjectionCASHFLOW PROJECTION FOR NEXT 6 MONTHS Please provide details of your cashflow projections for the next 6 months. This will be used to determine the appropriate level of funding required to meet your company’s cashflow needs over the next 6-12 months. Projections should reflect any new forms of funding secured from your financial institution, rescheduling of creditors, agreements with the Revenue Commissioners and bad debt/slow payer provision since the crisis has emerged.A. Income & B. Expenditures Month 1Month 2Month 3Month 4Month 5Month 6A. IncomeSales (Rental Income)Programme IncomeOther (e.g. sale of assets, grants received, director loans/owner equity)Total Income:B. ExpenditurePayments Due (e.g. materials for production)Capital ExpenditureProduction & Staff CostsTotal Wages and Salaries-Wages and Salaries Paid by Revenue Temporary Wage Subsidy SchemePAYE / PRSINet VAT paymentUtility & Professional Business ExpensesRent & Rates (Inc. Water)Electricity & GasTelecoms (Internet, Phone)Business InsuranceProfessional FeesRepairs & RenewalsOperating ExpensesCleaning & Security & other premises costsTransport (Motor Fuel & Service, Tax & Insurance, Courier)Travel ExpensesAdvertising ExpensesFinancial ExpensesBank Loan RepaymentsHire Purchase / Leasing RepaymentsOther CostsTotal ExpenditureA - B Cashflow Surplus (+) /Deficit (-)Opening Cash balance (start month)Closing Cash BalanceBank overdraft facility currently availableAvailable headroom = closing cash balance + overdraftNotes:As all employers are eligible to apply for the Temporary Covid-19 Wage Subsidy Scheme implemented by the Revenue Commissioners, only the portion of salary costs paid by the company are eligible for support under this Scheme. In the table above, please specify the total salary costs and the portion of salary costs paid by the Revenue Commissioners (as a negative value in the table). ................
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