Trading Online Voucher Jeremy Cullen Local Enterprise Office Roscommon January 31 st 2017
Action Plan for Jobs “ Trading Online - Get two thousand more small businesses trading online …… Less than one quarter of Irish SMEs are trading online which is contributing to Ireland having an online trade deficit where 70 per cent of our online spending is going out of the state . McKinsey research has shown that SMEs who adopt internet trading grow twice as fast and export twice as much when compared to non- adopting businesses. Therefore, online trading represents a significant opportunity for Irish SMEs to reach new markets and grow new business.”
Online Trading Vouchers Vouchers to a maximum value of €2,500 will be available to small Irish businesses to enhance their online trading presence €2,500 ….2,000 Irish Businesses will benefit from these over the next 12 months
Who is Eligible? • Small Irish Businesses with a limited online trading presence • Up to 10 employees • Turnover Less than €2m • Trading for a minimum of 12 months
What can the Vouchers be used for? Digital Marketing Strategy • Development or upgrade of an ecommerce website • Implementing online payments or booking functions • Customer fulfilment systems • Internet related software • Development of an app/mobile responsive websites • Online Advertising (may be part of a Voucher implementation) •
Application Process Applicants must attend one of the information • seminars prior to submitting an application Application Forms may be downloaded from LEO • websites Evaluation Committee in each area will review all • applications Competitive process • All applicants will be informed of outcome on • conclusion on evaluation process Voucher with letter of offer will issue to successful • applicants Successful Applicants must then undertake & • complete & pay for the work prior to claim submission
What else will I need to include? • Business Trading Details…Turnover etc. • Staff numbers both full & part time • Quotes received through your tender process • Amount that your are requesting through the Online Voucher (maximum €2,500) – EXCLUDING VAT.
SOME FACTS: • Digital Economy is worth €8bn annually. • This €8bn is expected to double by 2020. • Companies that have availed of the TOV’s / 85% increase in enquiries • Companies have increased sales by 21% • Generated 1.4 jobs per business • 40% increase in overseas enquiries. • 2% conversion rate / enquiry to sale
How will Voucher be assessed? Will be scored against the following • criteria: Project suitability • Export Potential • Job Creation • Increased Online Sales Potential • Quality of ICT proposal • Dublin City Pilot Programme Not enough detail on what voucher to • be used for No detailed quotes supplied • Already trading online but only looking • for an increased ad-word campaign Unrealistic projected sales and job • creation figures Too early stage •
How do you redeem the Voucher? Vouchers are redeemed on expenditure • EXCLUSIVE of VAT 50% of expenditure up to a maximum of • €2,500 – EXCLUDING VAT. Original Supplier invoice along with supplier • Tax Clearance Certificate Supplier must be a registered trading business • Tax Clearance Certificate for applicant business • Proof of Payment • Signed Voucher • One page report of work carried out • All expenditure claimed must be as per • Voucher approval/Letter of Offer Vouchers will issue with an expiry date and • must be claimed within this timeframe
KINGSIZE CLOTHING – LEO CLIENT SELECTED AS CASE STUDY BY DCCAE
CORMICAN’S SCHOOL & ART SUPPLIES – LEO CLIENT SELECTED AS CASE STUDY BY DCCAE
Thank You Trading Online Voucher
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