At a time where every job is important and supporting our home grown ideas and innovations is paramount LEDP felt that it was timely to relaunch their “Finance for Micro Enterprise” scheme with updated information and access to literally hundreds of professionals and contacts. Micro Finance and Enterprise advisor at LEDP Karl Shanahan explained that the scheme which has a number of supports of both a financial and advisory nature are available to help people sort through what can be a confusing and time and resource draining process, is available free of charge and could be your first stop in credibility testing, business planning and mentoring your business idea.
LEDP which has over ten years experience in the area of supporting micro enterprise was born itself of major job losses in Limerick and from the economic blow of the loss of 500 jobs in Krups has overcome the odds and now employs over 700 people on the Southside of Limerick. The re-launched scheme comprises three main elements the first “The Social Finance Fund” aims to provide low cost loans for projects by individuals and communities who may have difficulty in obtaining capital from the usual lending institutions. This fund is the only Social Loan Organisation operating in Munster and has access to a €25 million fund The second element of the scheme involves local professional expertise in business from accounting through marketing, legal an insurance being made available free of charge on a person to person basis to help with business start-up. The third element on offer is the LEDP Enterprise Loan Fund which provides funds for eligible start-up businesses in Limerick City and County. This scheme is co-funded by First Step Micro Finance.
In relaunching the scheme LEDP are hoping that ordinary people with business ideas can take their own leap of faith in providing employment for themselves and others and in doing so can provide a strong local business sector with security and good business practices at their root.
Karl Shanahan is available for a confidential formal or informal chat about your business idea by calling (061) 469067.
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