Dun Laoghaire-Rathdown (DLR) Trust Fund - Helping New Businesses Get Off the Ground!
What is the Dun Laoghaire-Rathdown Trust Fund?
The Trust Fund is a charitable body which makes loans available to individuals or groups of individuals who wish to launch a new business but have had difficulty in accessing start-up finance from banks or government agencies.
The Trust Fund is specifically targeted at those people who are experiencing some form of disadvantage or a particular challenge. This might include, for example, a person with a disability, a member of a minority ethnic group or someone who has been unemployed for a period of time.
The Trust Fund makes loans of €500 to €5,000, repayable over a period of one to three years. The loans are interest free, but an administration charge is applied to each loan. No security is required. The funds can be used towards any legitimate business expense, including working capital (the general cash rquired to operate your business especially in the first few months).
Who can Apply?
Applications are open to any individual or groups of individuals with a business idea which has been well researched and shaped into an outline business plan. Applicants must be able to demonstrate that:-
- They have already been refused funding from banks or state agencies
- They are experiencing some form of disadvantage or challenge (e.g. disability, unemployment)
Who Should I Contact?
The Dun Laoghaire-Rathdown Trust Fund is managed by Dun Laoghaire-Rathdown County Enterprise Board. An application form and guidelines on preparing a business plan will be made available to people who appear to be eligible for the loan fund. Each application will then be assessed on its merits. Prospective applicants are asked to call our office prior to submitting an application.
Upcoming Application Deadlines:-
- Wednesday, 19th June 2013
- Wednesday, 21st August 2013
We must receive completed applications by no later than 4pm on this date(s). Funding Deadlines are subject to the availability of funds.
Dun Laoghaire-Rathdown Trust Fund
Nutgrove Enterprise Park
Phone: (01) 494 8400
Fax: (01) 494 8410
The Future of the Dun Laoghaire-Rathdown Trust Fund
The Trust has been funded since its inception by DLRCEB, the Social Finance Foundation, philanthropic donations and a legacy from a local Community Group. All funds donated have now been lent on to individuals and the repayments process is underway.
However, the repayments streams will take some time to provide for a recycling to new applicants and the demand for loans continues grow. The Trust Fund Board are therefore now launching a Campaign to raise additional funds in order to ensure the long term sustainability of the Trust and to be able to extend support to projects which may be deemed as a higher risk and therefore in even more need for support. We are looking for support from companies and individuals in the area to partner with us on this journey to ensure the continued viability and growth of the Trust Fund.
If you would like to support this initiative, please complete the survey you will find at the following link to see how you can help: www.surveymonkey.com/s/dunlaoghairetrustfund
For further information on the work of the Trust Fund: DLR Trust Fund.pdf
You can support the Trust Fund by making a regular donation: Standing Order Form.pdf
For information on Tax for Charitable Donations: Charitable Donations - Tax Treatments.pdf