Investors, start-ups slate share option scheme

The Key Employee Engagement Programme, or ‘Keep’ for short, was introduced three weeks ago

Conall Laverty, founder and chief executive of Wia Technologies. Pic: Barry Cronin

Fast-growing start-ups, venture capitalists and angel investors have blasted the government’s new employee share options scheme as unworkable and restrictive.

The Key Employee Engagement Programme, or ‘Keep’ for short, was introduced three weeks ago for next year’s budget to allow SMEs to give employees share options that would not be subject to tax until after the employee disposed of the shares.

But following the publication of the Finance Bill, which outlined the details ...