Feasibility Study Support
To help you decide if employee ownership and an Employee Ownership Trust (EOT) is the right exit strategy for you and your company, Employee Ownership Ireland with support from the Department for the Economy offers up to three days of funded support with an experienced adviser (chosen by us). This support is structured as follows –
1 Day of Support
Activities: Combination of desktop research and a session with you.
Focus: Review your exit plans, explore how employee ownership could work in your company, and how an EOT might facilitate your exit.
2 Days of Support
Activities: Production of an employee ownership feasibility study if identified as a viable solution.
Focus: Assess potential ownership structures, governance options, future management requirements, funding for EOT exit, and transition processes.
Outcome: Feasibility study to determine alignment with your goals before proceeding further. Follow-up session to address questions and decide on next steps.
Cost and Delivery
Adviser Use: No obligation to use our chosen adviser or pay anything to Employee Ownership Ireland if you choose the EOT model.
Ownership: The feasibility study is yours to share as you wish, providing a roadmap and guidebook for making an informed decision.
Post-Feasibility Study
Adviser Use: No obligation to use our chosen adviser or pay anything to the Employee Ownership Ireland if you choose the EOT model.
Ownership: The feasibility study is yours to share as you wish, providing a roadmap and guidebook for making an informed decision.
Qualification Criteria
We encourage company owners seriously considering business succession within the next 18-24 months to apply. Applications are reviewed for suitability, ensuring a range of business sizes, sectors, and geographical locations across Northern Ireland.
Essential Criteria:
- Must be a limited company based in Northern Ireland.
- Must have 3 years of trading accounts showing sustainable profitability.
- Must have a leadership succession plan in place or under development.
- Must have a team of employees committed to the company’s continuity.
Next Steps
If you are interested in applying for support, please complete the application form below.
For more information about the EOI Employee Ownership support, contact:
Andrew Harrison – Co-ownership Solutions LLP
Mobile: +44(0)7740 640768
Email: andrew@coownershipsolutions.co.uk
Catherine Muldoon – Employee Ownership Ireland
Mobile: +44(0)7545761167
Email: catherine.muldoon@employeeownershipireland.com
Aidan O’Neill – DLD Fund
Mobile: +44(0)79068 629569
Email: info@dldfund.com