For small businesses navigating the world of online commerce, the TOV Scheme has many benefits. Firstly, it provides financial support to offset the costs of getting online or upgrading online platforms. This means not just developing new websites or upgrading existing ones but also implementing e-commerce functionality that allows for seamless transactions. Secondly, it encourages innovation by getting businesses to adopt digital marketing strategies, including online advertising, to drive traffic to their online portal and increase visibility to their target audience. Thirdly, by using the TOV, businesses can explore new markets both domestically and internationally and diversify their revenue streams and growth.
The TOV can be used for a range of activities to get online, including covering approved voucher costs. This includes developing new websites that meet customer needs, upgrading existing websites to improve user experience, implementing e-commerce functionality for seamless transactions, purchasing internet-related software, and digital marketing strategies to drive website traffic and customer engagement.
➡️ TOV Marketing: Digital strategies funded by the Trading Online Voucher
Businesses must comply with the terms and conditions of the TOV Scheme. The maximum value of the voucher is €2,500 or 50% of eligible costs, excluding VAT. Prior approval from the LEO is required before starting any project work to ensure all work aligns with the scheme’s objectives and guidelines. Businesses must also complete their online projects within a set timeframe and submit required documentation for review and verification. Note: The purchase of online advertising and professional photography can only be drawn down in one payment phase.
Once the letter of offer is received businesses can engage with their chosen service provider to start the approved online project. They must stick to the project timeline and budget and ensure all expenses align with the scope of work. Once the project is complete businesses will submit the required documentation (letter of offer, project plan and budget breakdown) to the LEO for final review and payment of the voucher.
➡️ Your step-by-step guide to the Trading Online Voucher Application Form
Navigating the TOV Scheme can be challenging for many small businesses, especially when crafting a robust application that meets all the scheme’s requirements. This is where our team steps in to ensure you not only access the TOV but also maximise its benefits. Here’s how we can assist you:
LEOs manage the TOV Scheme and offer businesses expert advice and resources to support them through the application process. They provide information on eligibility, application requirements and strategic guidance on how to get the most out of the voucher. LEOs also evaluate applications on merit to ensure approved projects meet the scheme’s objectives and are good for the business’s long term digital growth.
The Trading Online Voucher Scheme is a key support for small businesses looking to succeed in the online world. By providing funding and advice the scheme enables businesses to transform digitally, capitalise on new opportunities and grow online sustainably. Whether it’s website development, digital marketing or e-commerce the TOV Scheme gives businesses the tools and resources to go online with confidence. So there you have it, by using the Trading Online Voucher Scheme, small businesses can open up new opportunities, reach new markets and have long-term success in the digital economy.
The TOV can be used for various digital marketing and online development activities, including: