It aims to reduce dependency on this sector and to encourage adjustment of commercially viable businesses in all sectors of industrial activity. Regions dependent on textiles and clothing are given priority. The Conservation Audit grant is operated by the Irish Energy Centre which is responsible for improving energy efficiency in the economy. It is aimed at promoting the use of best energy management practices in the industrial, commercial and public sectors. Companies aided by Forbairt are eligible to apply for a mentor and the service is also available through the County Enterprise Boards and enterprises enjoying AIB Bank Sponsorship.
Mentors contribute their services free of charge.
Out of pocket expenses are paid directly to the mentor by the client company according to a daily rate set by Forbairt. The company is then fully reimbursed by Forbairt. Over a twelve month period the company and the mentor may meet up to ten times. At any stage either the company or the mentor may terminate the arrangement. Investment Tax Relief Business Expansion Scheme Tax relief is available to individuals for investment in companies carrying on certain trading operations in manufacturing and some services companies.