Retail Solutions

Navigating the Irish Retail Sector: A Guide to Government Support Schemes

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Navigating the Irish Retail Sector: A Guide to Government Support Schemes
Navigating the Irish Retail Sector: A Guide to Government Support Schemes

Navigating the Irish Retail Sector: A Guide to Government Support Schemes

 

The retail sector plays a crucial role in Ireland’s economy, providing jobs, goods, and services to communities across the country. However, like many industries, it faces its share of challenges, particularly in light of economic uncertainties and the ever-evolving consumer landscape. To help retailers survive and thrive in these times, the Irish government has put in place various schemes and supports, each tailored to specific retail needs. In this blog post, we will explore these resources and provide retailers with a roadmap for accessing the assistance they need.

 

Navigating the Irish Retail Sector: A Guide to Government Support Schemes

 

1. COVID-19 Support Measures:

The COVID-19 pandemic had a profound impact on the retail sector. In response, the Irish government introduced several initiatives to support businesses and help them on the road to recovery.

Retailers can still access some financial supports, such as loans, grants, and vouchers. Find out more

 

2. Trading Online Voucher Scheme:

In an increasingly digital world, having a strong online presence is vital for retailers. The Trading Online Voucher Scheme offers financial assistance to help retail businesses develop their e-commerce capabilities. This can include building or upgrading an online store, digital marketing, and more.

 

3. Retail Excellence:

Retail Excellence is Ireland’s largest retail industry trade body. It offers a wide range of resources and supports for retailers, including training, networking opportunities, and advocacy for the sector. Joining Retail Excellence can connect you with like-minded retailers and keep you informed about the latest industry trends.

 

4. Local Enterprise Offices (LEOs):

Local Enterprise Offices are a valuable resource for retailers. They offer a range of services, including business mentoring, training programs, and financial supports. LEOs can help you navigate various challenges, from starting a new business to expanding an existing one.

 

5. Retailer-Specific Supports:

Some supports are tailored specifically for retailers, such as:

  • Shopfront Improvement Grants: If you have a physical storefront, check if your local council offers grants for enhancing your shop’s appearance.
  • Retail Employee Skillnet: This program focuses on upskilling retail employees, ensuring they have the necessary skills to excel in their roles.

 

6. Sustainability Initiatives:

The Irish government is also keen to promote sustainability in the retail sector. Consider exploring initiatives like the Sustainable Energy Authority of Ireland (SEAI) grants for energy-efficient upgrades to your business premises or the Sustainable Business Network, which provides resources and support for sustainable practices.

 

7. Brexit Support:

For retailers dealing with the complexities of Brexit, the Irish government offers guidance on customs procedures, tariffs, and regulatory changes. Staying informed and compliant is essential for businesses engaged in cross-border trade.

 

Conclusion:

The retail sector in Ireland is vibrant and resilient, but it also faces unique challenges. Fortunately, the government and various organisations are committed to supporting retailers through a range of tailored schemes and initiatives. Whether you need financial assistance, training, or help adapting to changing consumer preferences, there are resources available to help your retail business thrive. Utilising these resources can help you to navigate the ever-evolving retail landscape and continue to provide valuable products and services to your community. Stay informed, stay resilient, and remember that support is just a step away.

 

Who are we?

 

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Retail Solutions is a market-leading EPOS provider with over 25 years of business experience. Our leading sectors are forecourts, convenience storessupermarketspharmacies, off licences, and coffee shops.

We are dedicated to providing your store with the most up to date and reliable point of sale hardware, along with software management tools to help you manage your business effectively.

Our self-checkout partners are NCR, who are global leaders in self-checkout technology.

 

Industry leading EPOS products for supermarket, forecourt, convenience, coffee shop, pharmacy & off licence.

 

Contact us to find out what a point of sale system can do for your retail business.

 

 

 

About the author:

 

Susan McGuire is originally from London, United Kingdom, and has now lived in Galway, Ireland, for 16 years. She has been with Retail Solutions for almost 8 of those, and during that time has enjoyed various roles within the areas of Maintenance, Finance, & Marketing. You can follow her on LinkedIn!

 

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