Retail Excellence has welcomed today’s announcement by Minister of State for Business, Employment and Retail, Damien English of €9.3 million in funding for 216 successful applicants to the Enterprise Ireland (EI) Online Retail Scheme.This scheme helps retailers make a major step change to their business model and open up new markets both at home and abroad.
The scheme will have a significant impact as retailers continue to adapt to a multi-channel trading environment and future-proof their business.
GrantSuccessful applicants receive a grant ranging from €10,000 to a maximum of €64,000, and 40% of successful applicants are Retail Excellence members. Speaking today, Duncan Graham, Managing Director of Retail Excellence, said, “We welcome today’s announcement from Enterprise Ireland’s Online Retail Scheme. Even though we have seen a consistent trend of Irish shoppers coming back to bricks-and-mortar stores such as fashion outlets as restrictions have lifted, it is clear that online retail is now a hugely significant part of the shopping experience and that it is here to stay.
"This scheme will also open up new markets both at home and abroad which is of paramount importance to local businesses in particular.”
Up-skillingHe said that this funding would also facilitate vital staff up-skilling that will be needed as businesses continue to adapt their business models.
“Now, more than ever, retail staff need to be familiar with both the in-store and online business, and for many people this means upskilling. This funding should go a long way towards ensuring that retail staff are well placed to do that.”