- Incentives
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Shannon Development provides financial assistance to companies wishing to locate in Shannon Free Zone or expand existing operations. The incentive package, which is performance linked, is unique to each project and is arrived at through a process of negotiation with us. A detailed proposal in the form of a business plan must be submitted in support of any application for grant incentives. A guide to the submission of a business plan is available under 'Publications/Other Publications' section of this website.
A number of grants are available for eligible projects, including:-
Capital grants:-
...are available towards the provisions of fixed assets and equipment where the operation is likely to result in employment. In general, capital grants are not repayable by the investing company if the project proceeds in line with its business plan.
Employment grants:-
...are specifically geared towards businesses which do not have large fixed assets or equipment requirements e.g. software development.
R&D Capability:-
...aims to help companies, establish or substantially expand their existing Irish R&D function. Grants are available towards the capital costs of establishing an R&D unit (e.g. buildings, equipment etc.) in addition to the current costs of running the unit for a defined period. The development must represent a clear and substantial “step up” in a companies R&D activities in Ireland.