New Enterprise Ireland Grants: €150,000 Support for Irish Exporters Hit by US Tariffs

Irish exporters are facing fresh challenges as new 15% US tariffs are introduced on EU goods. For many Irish SMEs, the US is a critical growth market, with over €6.6 billion worth of exports in 2024. But now, more than 450 companies are expected to feel the impact of these tariffs — a squeeze on margins that could threaten growth plans, profitability, and jobs.

To help businesses respond, Enterprise Ireland has launched two new grant schemes, backed by the Government’s upcoming Action Plan on Market Diversification. These supports are designed to help exporters both assess the risks and seize new opportunities in other markets.

What Grants Are Available?

  1. Market Research Grant – up to €35,000

    • For companies needing to assess the full impact of tariffs.

    • Helps fund market insights, data analysis, and mitigation strategies.

  2. New Markets Validation Grant – up to €150,000

    • Designed to fund market entry strategies into new markets or with new products.

    • Supports practical steps for diversification to reduce dependency on the US market.

Why This Matters for Irish SMEs

The US will remain an important market, but rising tariffs mean Irish businesses must be more resilient and less dependent on a single geography. Diversification takes resources — from hiring local partners, to adapting supply chains, to managing working capital during expansion.

That’s where these grants can provide a timely boost. As Minister Peter Burke explained:

“These grants will provide crucial funding to exporters, helping them to diversify their markets and build resilience into their business models.”

How BusinessLoans.ie Can Help

At BusinessLoans.ie, we see first-hand how unexpected pressures — like tariffs, currency swings, or supply chain delays — can tighten cash flow just when businesses need flexibility. Even if your company secures a grant, you may still need additional finance to:

  • Cover upfront costs while waiting on grant disbursements.

  • Fund stocking, shipping, or new market entry expenses.

  • Support working capital while your business adapts to new trade conditions.

We work with a wide range of alternative lenders who understand the challenges exporters face and can provide fast, flexible finance solutions alongside grant supports.

Next Steps for Exporters

  • Check eligibility for the Market Research or New Markets Validation Grants on the Enterprise Ireland website (or speak with your development adviser).

  • Plan ahead: grants can take time to process, so consider bridging finance if your timelines are tight.

  • Talk to us at BusinessLoans.ie: whether you need a short-term loan, trade finance, or working capital support, we can help you build a funding plan that works alongside Enterprise Ireland supports.

If your business is affected by the new US tariffs and you’d like quick feedback on what funding options might be available to complement these grants, call us on 01 55 636 55 or apply online at BusinessLoans.ie.