Government Support For Businesses Flashcards
What support does Enterprise Ireland provide?
Trade Fair Events, Funding Support, Export Assistance, Research and Development
How does Enterprise Ireland assist with Trade Fair Events?
It organises trade missions, fairs, and knowledge events to help Irish businesses connect with international markets.
What type of funding does Enterprise Ireland provide?
Funding for start-ups, expansion plans, research and development, and business plans.
How does Enterprise Ireland help with export growth?
It offers marketing services and connects businesses through its international offices.
How does Enterprise Ireland support research and development?
By encouraging collaboration with research institutions to develop new technologies and products.
What support does IDA Ireland provide to businesses?
Data on Ireland, Suitable Locations Research, Networking with local industry, Developing third-level links.
How does IDA Ireland assist with location research?
It offers advice on property and industrial bases for international investors.
What role does IDA Ireland play in networking for investors?
It introduces investors to local industries, government, and service providers to build relationships.
How does IDA Ireland help develop third-level links?
By connecting businesses with educational and research centres to ensure necessary skills and development capabilities.
How do government taxes and policies impact businesses?
High corporate taxes, VAT, and payroll taxes increase costs, while tax incentives and favorable policies stimulate growth.
What are government grants for businesses used for?
To support research, development, and expansion projects, helping mitigate financial risks.
How do government regulations impact businesses?
They set standards for health, safety, and environmental protection, but compliance can add costs and influence operations.
