BES funding down 55 per cent to €62.3 million

Investment in Irish companies through business expansion schemes (BES) collapsed last year, as investors shied away from funding indigenous companies.

20th February, 2010

Investment in Irish companies through business expansion schemes (BES) collapsed last year, as investors shied away from funding indigenous companies.

A total of €62.3 million was invested in Irish companies through the scheme last year, down almost 55 per cent on 2008, when Irish companies secured €135.8 million in BES funding.

The massive decline comes despite a series of moves by the government to breathe some life into the scheme, which is one of the few tax...

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