Cheaper fast-track rescue process for small companies set to launch

The new package will cost €10,000 on average, as opposed to the cost of €100,000 for an examinership

5th December, 2021
Cheaper fast-track rescue process for small companies set to launch
Robert Troy, the Minister of State for Trade Promotion: ‘We want to ensure that viable small businesses have a cost-effective, efficient process in place to restructure and from Wednesday they will have that.’ Picture: RollingNews.ie

Small companies hit by the pandemic will be able to apply this week for a fast-track rescue process which could cost them €10,000 on average instead of €100,000 for an examinership.

Robert Troy, the Minister of State for Trade Promotion, told the Business Post that the ministerial order for the small company rescue process would be signed on Wednesday.

“We want to ensure that viable small businesses have a cost-effective, efficient process in...

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