budget 2024

Tech: ‘This is a big boost for Irish start-ups and scaling companies’

Budget measures on angel investment, EIIS, KEEP and R&D tax credit, welcomed by representative groups

Scale Ireland CEO Martina Fitzgerald: ‘The increase in the R&D credit rate will incentivise increased activity and spending in our sector’

Budget 24 has provided a “big boost for Irish tech start-up and scaling companies,” according to representative groups.

Scale Ireland said the government’s strong response to the indigenous tech sector’s needs were very welcome with the organisation highlighting the increase in the R&D tax credit rate from 25 per cent to 30 per cent, and the decision to double the amount that can be reimbursed in year one under the scheme to €50,000, as particularly ...