community development
community development is the social and economic development of local areas and local communities through the efforts of local citizens and residents.
involves the local community coming together to identify and find solutions to economic and social problems.
LEO
local enterprise office: (31 in Ire.) offer range of govt. supports to help entrepreneurs establish and expand their business
services provided by LEOs
- training programmes to increase business knowledge/skills
- mentoring - mentor matched with business to help identify and solve problems and identify solutions
- food academy programme - run in conjunction with supervalu. offers advice on how to develop products and supervalu may trial products for 12 weeks
- business networking - meetings of local stakeholders to interact and meet
- student enterprise awards
- financial supports - e.g. can provide feasibility grants of up to 20,000 where the entrepreneur matches at least 50pc.
priming grants or business expansion grants of up to 80,000 available for sole traders, partnerships, community or limited companies
LEADER programme
EU funded programme that aims to provide local communities with the resources to
-reduce poverty
- increase social inclusion
-promote economic development
role of LEADER programme
- projects - funded by programme e.g. promoting rural tourism
- local action groups: formulates a local development strategy in order to receive funding
- funding: community groups submit project ideas to LAG - assesses ideas and distributes grants
Area partnership companies
support local community to
-reduce unemployment and poverty
-encourage educational engagement
-improve social inclusion
e.g. nortside partnership
services of area partnership companies
- education: encourage locals to engage with education, provide up to date info on education and skills training. may also work with local schools to combat school leaving
- enterprise: offers training courses/workshops to support/encourage local enterprise
- employment support: e.g. CV preparation and interview techniques
- childcare and family support: e.g. childcare facilities and parenting courses
pobal
works with organisations to improve the lives of people experiencing social isolation and disadvantages
programmes facilitated by pobal
- gateway
- dormant accounts fund
- european refugee fund
- tus
gateway programme (pobal)
provides short term employment opportunities for people unemployed for over 2 years (work that benefits community e.g. tourism/landscaping)
dormant accounts fund (pobal)
redistributes money from dormant accounts to social enterprises that provide local employment
Tus (pobal)
programme where people who are unemployed long-term complete a 12 month work placement in the local community
european refugee fund (pobal)
provides funding to orgs. to develop/implement integration programmes for refugees e.g. education
enterprise ireland
responsible for developing indigenous irish industry with an export focus. focused on helping irish owned businesses with 10 or more employees seeking to grow export sales
role of Enterprise Ireland
- provides funding (usually equity capital and takes a share in the business)
- international offices: (over 30 internationally) help irish businesses by providing marketing services and networking (i.e. intros with potential clients)
- encourage r&d + new products -> increased chance of success
- market research centres: provide businesses with range of up to date info e.g. market size, key competitors, country stats
- organises events e.g. trade missions, trade fairs, often in coordination with visits from foreign ministers - build links with other countries, networking
IDA ireland
Irish development authority: responsible for the attraction and development of FDI in ireland. e.g. google, facebook
functions of IDA Ireland
- info and stats: compiles info on key business sectors and locations in IRE.
- provides support to businesses that want to set up in IRE e.g. ideal location
- Links/networking help: creates networks between foreign firms, third level institutions and research centres -> ensures correct skills and r&d facilities are in place to support these clients
- grants and funding: provides financial assistance through capital and training grants
FDI
foreign direct investment: when a business invests money in a foreign country by establishing operations there e.g. google
impact of state agencies on business climate (increased assistance)
- (sales) grants help businesses develop and launch new products -> increase sales and profits
- (costs) grants help business pay for market research and feasibility studies -> reduce costs
- (outlook) greater availability of grants attracts FDI and increases employment in the economy
impact of state agencies on business climate (decreased assistance)
- (sales) less grant aid discourages entrepreneurs from entering new markets -> reduces sales
- (costs) less grant aid may lead to more debt finance, which must be repaid with interest -> increases business costs
- (outlook) lower funding may discourage existing businesses from expanding -> postpone hiring new staff
