Tax relief scheme continues to encourage investment

Last year over €40 million was invested through the Employment and Investment Incentive (EII) scheme in 80 to 100 companies.

The EII scheme was introduced in the Finance Act 2011 to replace the Business Expansion Scheme (BES). While the new scheme is available to the majority of SMEs as opposed to the BES that was restricted to manufacturing and internationally traded services companies, the primary aim remains the same, to encourage investment and ...