Introduction: Trading Online Voucher Scheme

In today's digital age, having an online presence is no longer a luxury but a necessity for businesses. Recognizing the importance of digital trading for Irish businesses, the Local Enterprise Office (LEO) introduced the Trading Online Voucher (TOV) scheme. This initiative aims to support small Irish businesses in enhancing their online trading capabilities. In this blog, we'll delve deep into the TOV scheme, its benefits, eligibility criteria, and the application process.

What is the Trading Online Voucher (TOV) Scheme?

The TOV scheme is a government initiative designed to assist small businesses in Ireland to develop or enhance their ability to trade online. Under this scheme, eligible businesses can avail of vouchers up to €2,500 or 50% of the eligible expenditure to improve their online trading capabilities.

Benefits of the TOV Scheme:

1. Financial Support: Businesses can receive up to €2,500 to subsidize the cost of going online or enhancing their existing online presence.
2. Training & Advice: LEO provides free seminars on how to use and get the best value from the voucher, ensuring businesses have the knowledge to sustain their online journey.
3. Enhanced Online Presence: From developing sophisticated e-commerce systems to simple brochure sites, the TOV scheme supports various online endeavors.
4. Increased Sales & Profitability: An effective online presence can tap into new markets, both domestic and international, leading to increased sales.

Who is Eligible?

• Businesses with up to 10 employees.
• Turnover less than €2 million.
• Operating for at least 6 months.
• Located in the region of the local LEO that they are applying to.
• Not engaged in ineligible business activities (as per LEO's guidelines).

How to Apply for the TOV Scheme?

1. Attend an Information Seminar: Before applying, businesses must attend an information seminar. This seminar provides essential guidance on how to fill out the application and the required documentation.
2. Fill Out the Application: Post the seminar, businesses can fill out the TOV application form, detailing their project and its objectives.
3. Submission: Submit the application form along with three quotations for the work to your local LEO.
4. Evaluation: LEO evaluates the application based on various criteria, including the potential to increase employment, viability of the business, and export potential.
5. Approval & Implementation: Once approved, businesses can start their online journey, ensuring they complete the project within a specified timeframe.

Things to Consider:

• The voucher is a reimbursement scheme, meaning businesses pay first and claim the money back.
• It's essential to read the list of eligible and ineligible projects and expenses.
• The voucher cannot be used for developing brochure websites or for purchasing non-internet-related software.

Conclusion:

The Trading Online Voucher scheme is a golden opportunity for Irish businesses to embrace the digital age. With financial support, training, and guidance from LEO, businesses can navigate the online world with confidence. Whether you're taking your first step online or enhancing your existing online presence, the TOV scheme is here to support your journey.

For more information or assistance with the TOV application process, feel free to reach out to us at Proventus Digital. We're here to help you make the most of this fantastic initiative!

Disclaimer: The details provided in this blog are for informational purposes only. It's essential to check with your local LEO or their official website for the most up-to-date and accurate information.