Unit 6

Question 1

community development

Answer 1

community development is the social and economic development of local areas and local communities through the efforts of local citizens and residents.
involves the local community coming together to identify and find solutions to economic and social problems.

Question 2

LEO

Answer 2

local enterprise office: (31 in Ire.) offer range of govt. supports to help entrepreneurs establish and expand their business

Question 3

services provided by LEOs

Answer 3

1. training programmes to increase business knowledge/skills
2. mentoring - mentor matched with business to help identify and solve problems and identify solutions
3. food academy programme - run in conjunction with supervalu. offers advice on how to develop products and supervalu may trial products for 12 weeks
4. business networking - meetings of local stakeholders to interact and meet
5. student enterprise awards
6. financial supports - e.g. can provide feasibility grants of up to 20,000 where the entrepreneur matches at least 50pc.
   priming grants or business expansion grants of up to 80,000 available for sole traders, partnerships, community or limited companies

Question 4

LEADER programme

Answer 4

EU funded programme that aims to provide local communities with the resources to
-reduce poverty
- increase social inclusion
-promote economic development

Question 5

role of LEADER programme

Answer 5

1. projects - funded by programme e.g. promoting rural tourism
2. local action groups: formulates a local development strategy in order to receive funding
3. funding: community groups submit project ideas to LAG - assesses ideas and distributes grants

Question 6

Area partnership companies

Answer 6

support local community to
-reduce unemployment and poverty
-encourage educational engagement
-improve social inclusion
e.g. nortside partnership

Question 7

services of area partnership companies

Answer 7

1. education: encourage locals to engage with education, provide up to date info on education and skills training. may also work with local schools to combat school leaving
2. enterprise: offers training courses/workshops to support/encourage local enterprise
3. employment support: e.g. CV preparation and interview techniques
4. childcare and family support: e.g. childcare facilities and parenting courses

Question 8

pobal

Answer 8

works with organisations to improve the lives of people experiencing social isolation and disadvantages

Question 9

programmes facilitated by pobal

Answer 9

1. gateway
2. dormant accounts fund
3. european refugee fund
4. tus

Question 10

gateway programme (pobal)

Answer 10

provides short term employment opportunities for people unemployed for over 2 years (work that benefits community e.g. tourism/landscaping)

Question 11

dormant accounts fund (pobal)

Answer 11

redistributes money from dormant accounts to social enterprises that provide local employment

Question 12

Tus (pobal)

Answer 12

programme where people who are unemployed long-term complete a 12 month work placement in the local community

Question 13

european refugee fund (pobal)

Answer 13

provides funding to orgs. to develop/implement integration programmes for refugees e.g. education

Question 14

enterprise ireland

Answer 14

responsible for developing indigenous irish industry with an export focus. focused on helping irish owned businesses with 10 or more employees seeking to grow export sales

Question 15

role of Enterprise Ireland

Answer 15

1. provides funding (usually equity capital and takes a share in the business)
2. international offices: (over 30 internationally) help irish businesses by providing marketing services and networking (i.e. intros with potential clients)
3. encourage r&d + new products -> increased chance of success
4. market research centres: provide businesses with range of up to date info e.g. market size, key competitors, country stats
5. organises events e.g. trade missions, trade fairs, often in coordination with visits from foreign ministers - build links with other countries, networking

Question 16

IDA ireland

Answer 16

Irish development authority: responsible for the attraction and development of FDI in ireland. e.g. google, facebook

Question 17

functions of IDA Ireland

Answer 17

1. info and stats: compiles info on key business sectors and locations in IRE.
2. provides support to businesses that want to set up in IRE e.g. ideal location
3. Links/networking help: creates networks between foreign firms, third level institutions and research centres -> ensures correct skills and r&d facilities are in place to support these clients
4. grants and funding: provides financial assistance through capital and training grants

Question 18

FDI

Answer 18

foreign direct investment: when a business invests money in a foreign country by establishing operations there e.g. google

Question 19

impact of state agencies on business climate (increased assistance)

Answer 19

1. (sales) grants help businesses develop and launch new products -> increase sales and profits
2. (costs) grants help business pay for market research and feasibility studies -> reduce costs
3. (outlook) greater availability of grants attracts FDI and increases employment in the economy

Question 20

impact of state agencies on business climate (decreased assistance)

Answer 20

1. (sales) less grant aid discourages entrepreneurs from entering new markets -> reduces sales
2. (costs) less grant aid may lead to more debt finance, which must be repaid with interest -> increases business costs
3. (outlook) lower funding may discourage existing businesses from expanding -> postpone hiring new staff