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IDA Ireland

10 schemes tracked

Business Asset Grant

IDA Ireland's Business Asset Grant supports client companies to replace old equipment with new equipment or acquire new technology upgrades. It helps companies engaged in both services and manufacturing activities increase their capacity and capability to deliver existing products and services to new markets and new products and services to existing markets.

Grant range
Up to €250,000
Funding level
Rate varies
Support type
Grant
Last checked
3 Sept 2026
Start this application on IDA Ireland's website (opens in a new tab)

About this scheme

The Business Asset Grant is provided by IDA Ireland to help client companies replace old equipment with new, or acquire new technology upgrades, in order to increase their capacity and capability to deliver to new and existing markets. It is open to companies engaged in both services and manufacturing activities. Applications are assessed using IDA's Key Performance Indicator framework, which asks companies to articulate the investment's potential across five areas: Company Vision & Strategy, Customer Need, Capacity to Deliver Externally, Capacity to Deliver Internally, and Investment Specific Performance Measures and Targets.

Maximum grant aid is €250,000, provided under De Minimis Aid rules. Conditions include: the capital investment must be made in full before grant payment; the employment base must be maintained at the current level for at least 18 months; and the company must present an Investment Output Report on performance within 18 months of drawdown. Expected outcomes are increased capability and capacity to deliver to customers, sustained jobs, and potential for further innovation at the Irish site.

Who can apply

  • Companies that can present to IDA an application that demonstrates how this investment will increase productivity or improve capability
  • Engaged in a Lean programme or an IDA Training programme in the last 3 fiscal years (if appropriate)
  • Grant subject to meeting a combination of financial, customer, capacity to deliver internally, and management/organisational capacity to deliver externally performance measures and targets

How to apply

  1. Contact your IDA Project Executive or the Talent, Development and Digitalisation Team to discuss the investment.
  2. Prepare an application demonstrating how the investment will increase productivity or improve capability, structured around IDA's Key Performance Indicator framework (Company Vision & Strategy, Customer Need, Capacity to Deliver Externally, Capacity to Deliver Internally, and Investment Specific Performance Measures and Targets).
  3. Submit the application for approval, with the grant subject to meeting a combination of agreed financial, customer, capacity, and organisational performance measures and targets.
  4. If approved, complete the capital investment in full before grant payment is made.
  5. Maintain the employment base at the current level for at least 18 months.
  6. Submit an Investment Output Report on performance against the agreed measures and targets within a maximum of 18 months from grant drawdown.