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Govt launch 15 schemes for business

Tuesday, July 17 11:51:17

The Minister for Jobs, Enterprise and Innovation, Richard Bruton today launched an information leaflet outlining 15 schemes available to businesses seeking to start-up, expand and create jobs.

Mr Bruton said he has met hundreds of businesses and thousands of businesspeople around Ireland since taking office. However, it became clear that there was a lack of awareness amongst business of many of the schemes which are available to start and grow your business, and some of these schemes are seriously underused. For example, in the case of Revenue Job Assist, almost 200,000 people are eligible to qualify for this scheme, but in 2010, the latest year for which figures are available, only 650 people benefited from it.

The leaflet outlines a number of financial supports for business, including: Claim back up to E100,000 in income tax paid and invest into a company subscribed as shares three year corporate tax exemption for new start ups and a back to work enterprise allowance scheme where you can retain your social welfare while starting up.

It also includes tax relief for investment in certain corporate trades and get 30pc relief on E150,000 investment.

Commenting, Minister Bruton said: "I know from my travels around the country that all levels of Irish business are fighting hard to retain customers, retain staff and to find new markets in an uncertain economic environment. Access to credit, business costs and consumer confidence are constant concerns for the business owners I meet. The Government is systematically trying to address as many of those issues as it can through our annual Action Plan for Jobs".