Tuesday September 22, 2020

BES overhaul designed to boost Irish investment

The government is set to approve a massive overhaul of the Business Expansion Scheme (BES) in an effort to persuade investors to put money into businesses in Ireland, rather than property investments.

9th December, 2006

The Department of Finance is going to broaden the criteria for companies that qualify for the scheme, in a move that could have a profound impact on small businesses in Ireland.

Currently, only companies in the manufacturing, tourism and services sector qualify to use the scheme. However, The Sunday Business Post has learned that this will be extended to include companies operating in new industries such as wind farms, biofuels and broadband.

‘‘We hope that...

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