Number 38 of 2010 FINANCIAL EMERGENCY MEASURES IN THE PUBLIC INTEREST ACT 2010 REVISED Updated to 1 October 2020 This Revised Act is an administrative consolidation of the Financial Emergency Measures in the Public Interest Act 2010. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law […]
The TBESS is a support available for businesses that carry on a trade or profession chargeable to tax under Case I or II of Schedule D, including self-employed individuals, companies and partnerships. Charities and sporting bodies who carry on certain activities which would be chargeable to tax under Case I or II of Schedule D but for an available exemption are also included in the […]
Income Tax, Corporation Tax and Capital Gains Tax Finance Act 2020 provides for the Covid Restrictions Support Scheme (“CRSS”), which is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. It makes provision for CRSS and its key features are- CRSS provides support for businesses that are forced to temporarily […]
The New Frontier Entrepreneurial Development Program is run in partnership with the Institutes of Technology. It supports entrepreneurs to move their business to an investor ready stage. It provides mentoring, incubation space and a €15,000 scholarship payment to help accelerate development and equip the promoter with the requisite skills. A mentor may be made available to support strategy and business models. Competitive feasibility funds made […]
The Market Access Grant is one of the key supports that Enterprise Ireland employs, in order to assist companies to build their businesses in international market. The EI client company may use all or a combination of new staff, reassigned staff or consultants to undertake the project. It may incur marketing costs up to market launch. The grant is available to companies entering a new […]
The Strategic Banking Corporation of Ireland Act, 2014 establishes the Strategic Banking Corporation of Ireland. Its purpose is to lend strategically within the economy. It is focus on the credit needs of small to medium sized enterprises in the first instance. It is intended that in due course, other areas of the economy where credit needs are not being served, will be assisted by SBCI. […]
Science Foundation Ireland was established in 2003 to promote, development and assist in carrying out orientated research in strategic areas of scientific endeavour, that concerns future development and competitiveness of industry and enterprise in the State. The legislation contemplated a number of strategic areas, including information and communications technologies, biotechnology and later, sustainable energy and energy efficient technology. It contemplated that regulations would be used […]
Enterprise Ireland is the State agency with primary responsibility for the development of manufacture and internationally traded services. It provides funding and support for domestic businesses. The businesses assisted range from start ups, those with relatively small scale activities with high potential start up to larger companies who wish to expand their activities. EI seeks to improve efficiency and grow international market share. It provides […]
The Industrial Development Act 1995 recognised the County Enterprise Boards which had been established in 1993. It made provision for grants to enable CEBs for the purpose of meeting their administration and other expenses. A CEB was empowered, for the purpose of assisting economic development within its area by means of enterprise creation or business development; to make a loan on such terms as it […]
The agencies (IDA(Ireland) and Enterprise Ireland) have power to facilitate provision of sites for the establishment for the establishment, development and maintenance of industrial undertakings. They may acquire land by agreement compulsorily. They may construct, adopt and maintain buildings and provide services for the same. The agencies may make grants to entities which themselves construct or adopt buildings for business. The agencies enjoys certain exemptions […]
In earlier decades, the IDA (established in 1949 as the Industrial Development Authority) concentrated on traditional labor intensive industry. In the 1970s and 80s, its focus changed to more advanced technologies, including electronics, pharmaceutical and chemical industries. Údarás na Gaeltachta was established in 1979 with responsibility for industrial (and certain other policies) in Gaeltacht areas. Until 1981, incentives were restricted to manufacturing businesses. Initially the […]
The Industrial Development Authority was formed in 1949. In 1994, it became the Industrial Development Agency Ireland or IDA Ireland. The IDA has branches throughout the world. IDA Ireland is the State body which seeks foreign direct investment. It has been very successful over the last 40 years, in attracting significant investment to Ireland, based on the combination of taxation incentives, educated and high skilled […]
Ireland’s Industrial Policy has been a key part of its economic strategy for over 60 years. A key element has been the attraction of foreign direct investment by various supports and incentives, in particular, taxation incentives. The Industrial Development Authority was first established in 1950 and has played a central role in industrial policy. IDA Ireland deals with international businesses, while Enterprise Ireland deals with […]
The Western Development Commission was established under the Western Development Act 1988 to promote economic and social development in the counties of Clare, Donegal, Leitrim, Mayo, Roscommon and Sligo. The Commission is a corporate body. Its functions are to provide assist, foster and encourage economic and social development in the western region. This is to include in particular, fostering and encouraging the establishment, maintenance and […]
The Dublin Hub Development Agency The Dublin Hub Development Agency, Act 2003 provided for the establishment of Digital Media Development Limited as the Dublin Hub Development Agency, under the auspices of the Minister for Public Enterprise. The company had originally been established by the government in 2000 under the Department of the Taoiseach. It was transferred to Department of Public Enterprise in 2001. The function […]