Looking to raise finance for your business?
 
Grainne Lennon, Funding for Growth Manager, InterTradeIreland
Grainne Lennon, Funding for Growth Manager, InterTradeIreland

Small businesses across the island were adversely affected by the financial crisis of 2008 as the availability of finance contracted and domestic demand shrank.

Despite an overall improvement in the financing environment in recent years, small and younger firms are not only still experiencing greater difficulty accessing finance but are unaware of the range of finance options open to them.

Here Grainne Lennon, Funding for Growth Manager at InterTradeIreland, outlines in simple terms some top tips for accessing finance and explores some of the current alternative funding options available to SMEs. 


InterTradeIreland - helping SMEs navigate through BREXIT
 

In light of the recent BREXIT referendum decision, a key objective for InterTradeIreland is to ensure that the benefits from cross-border trade and business development opportunities continue to grow and be exploited by SMEs across the island.  InterTradeIreland will help you to adjust to any new trading relationships that emerge from BREXIT negotiations so that you can continue to avail of these opportunities. 

Cross-border trade in goods and services on the island of Ireland has grown significantly over the past twenty years and now stands at circa £5bn/€6bn. The cross-border market on the island is a particularly important market for small firms with nearly two thirds of Northern Ireland’s SMEs exporting goods to Ireland and one sixth of Ireland’s SMEs exporting North. 


Download our BREXIT Factsheet for Businesses which gives you some practical advice post BREXIT referendum and highlights 5 key BREXIT supports that InterTradeIreland is putting in place to help your business.


Are you export ready?
 

InterTradeIreland, in partnership with the National Export Hub, is looking for approximately 20 businesses from across the island to participate in a new Export Readiness Programme called ‘Explore Export’.

This is a two-phase programme which aims to take participants through an educational and support led journey to improve their capability to export into existing and/or new markets.


We are looking for applications now over the summer months.



Whats involved?

Through this programme you will have the opportunity to participate in a full export readiness assessment of your business.  The purpose of this process is to ensure that your business has the required organisational structure, culture and resources to support growth and entry into new export markets. 

If approved to participate, you will also have the opportunity to obtain further mentoring through a series of structured workshops.

Participants on this programme will also be able to avail of the services offered by InterTradeIreland to identify new cross-border opportunities on the island of Ireland.

How do I check if I am eligible?

For further information on the programme, including eligibility criteria and details on how to apply, please contact:

Sinead Branigan at the Irish Exporters Association

sineadbranigan@irishexporters.ie or telephone +353 (0)1 6612182.

Anne-Marie McAteer at InterTradeIreland

Anne-marie.mcateer@intertradeireland.com or telephone +44 (0) 28 30834145.

Missed our Meet The Buyer event - Don't worry we have all the info you need.....
 
Meet The Buyer Event, Belfast
Meet The Buyer Event, Belfast

InterTradeIreland's Meet the Buyer Belfast event took place on the 8th June In Belfast and attracted over 600 delegates from across Northern Ireland and further afield. 

If you were unable to attend this event, you missed out on a valuable opportunity to get in front of some of the key public sector buyers in Ireland and Northern Ireland. 

However, don't despair, we have uploaded the directory from the event  to our website which contains useful information about the buyers and business support agencies who attended the event. We have also added the presentations from the day there also.


Small Businesses - Get the support you need to break into new cross-border markets.
 
Elevate Company Yummy Bakes from Belfast
Elevate Company Yummy Bakes from Belfast

InterTradeireland is currently looking for small businesses who want to grow their business cross-border. Our sales programme, Elevate, is 100% funded by InterTradeIreland and the application process is very simple. 

Check out if you are eligible and if you are get your application in.

How do I apply?

All you have to do is complete a short application form and if approved, you will then get to choose one of our consultants who will work with you to develop a winning cross-border sales plan for your business, kick start your sales and get on the fast-track to cross-border trading!

You’ll benefit from free one to one advice and support from your very own expert within your industry or sector to develop your own sales development plan.

Interested?


New Lending Regulations to protect Irish SMEs - effective July 1st 2016
Central Bank of Ireland - pdf
 
The Regulations on Lending to Small and Medium-Sized Enterprises (SME Regulations) were introduced by the Central Bank of Ireland on 17 December 2015. They provide protections for micro, small and medium-sized enterprises (SMEs) in Ireland when they are either applying for or have credit facilities and also for guarantors of SME credit.

When dealing with SMEs, lenders must
  • give SME borrowers transparency around the application process,
  • provide SME borrowers with reasons for declining credit, in writing, that are specific to their application,  
  • provide protections for guarantors,  
  • contact SME borrowers who have been in arrears for 15 working days,  
  • warn SME borrowers if they are in danger of being classified as not co-operating, and  
  • provide SME borrowers with the right of appeal.

The SME Regulations take effect on 1 July 2016 for all lenders that provide SME credit except credit unions, who must comply by 1 January 2017. Download the pdf to find out more about the 
key protections for micro and small enterprises.

NI Businesses - Are you aware of NetRegs?
 

NetRegs is a partnership between the Northern Ireland Environment Agency (NIEA) in Northern Ireland and SEPA in Scotland. 

They provide free environmental guidance for small and medium-sized businesses throughout Northern Ireland and Scotland. The website has a lot of useful information such as good practice videos, updates on new and forthcoming legislation and e-learning tools.

One of the items on the website you may find of interest is their self-assessment tool which is free to use and completely anonymous.

It is designed as a means by which a business can

  • check their compliance with the main pieces of environmental legislation
  • print out or save a summary report
  • demonstrate environmental awareness
  • start a programme of environmental improvement.
For more information ......

Northern Ireland Company Quintess Denta launch Humble Brush in over 200 Waitrose stores in the UK
 
The Humble Brush
The Humble Brush

Quintess Denta are the exclusive distributor to the UK & Ireland of Humble Brush -  the world's most sold eco-friendly bamboo toothbrush. 

Designed in Sweden, Humble Brush lasts just as long as a traditional toothbrush and for every Humble Brush sold, a child in need receives a toothbrush or alternative oral care through the Humble Smile Foundation. 

Humble Brush is taking the world by storm having been awarded the Best New Natural Living and Home product at the Natural and Organics Trade Show in London in 2015; followed by the award for the Best Wellness Product 2016, at the International Biofach Trade exhibition in Germany in 2016. 



Fermanagh Company done good!

When CEO James Hamill revamped his father’s dental handpiece repair business in 2012, little did he know that four years later, he would be supplying some of the largest retailers in the UK.   

Based in Irvinestown, Co. Fermanagh, the company succeeded in winning a contract with Waitrose who are one of the heavyweights of the UK retail market last December.  Quintess Denta now supply over 200 Waitrose stores and according to James Hamill, sales of this innovative toothbrush have been extremely positive in the first 5 months of 2016.  So much so in fact, that Humble Brush are about to launch with two further major retailers in the UK, namely, Holland and Barrett and Wholefoods Market in the coming month. 

With this new string to its bow, Quintess Denta have already created 3 new full time positions and continue to expand providing the dental community across these islands with a top class dental handpiece repair service while also introducing the latest innovative dental surgery equipment.

Quintess Denta can now offer businesses their own personalised ‘Humble Brush’ with your Company/business logo imprinted on the handle of the toothbrush.If you are interested in receiving details of our personalised ‘Humble Brush’ offer,please contact Enda on 028 686 28880.

For more information about the Humble Brush visit www.humblebrush.co.uk or to find out more about Quintess Denta by visting www.quintessdenta.com

 

6th September Funding for Growth Workshop, Dublin
20th September Funding for Growth Workshop, Belfast
July 2016 Business Planning workshops, Armagh, Limerick, Athlone
More 2016 events
How to Pick the Right Social Platform to Grow Your Sales
An article taken from www.marketingprofs.com in June 2016
 

We all know there are a lot of guides, hints and tips out there in relation to social media platforms and how best to use them. However I came across an infographic recently which actually made sense to me so I thought that I would share it with you. 

Not every social platform suits every business. Use these tips to choose the right sites to engage potential customers and deepen existing relationships. Enjoy!


Disclaimer
Note: Links to third-party websites are provided for convenience only. InterTradeIreland is not liable for the content, availability or use of such third party websites and you use such links entirely at your own risk.
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