BES/EII Scheme: Davy and BDO launch first EII fund

BES Management Limited, a joint venture between Davy and BDO, has launched the Davy EII Tax Relief Fund. The new Employment and Investment Incentive Scheme (EII) received EU approval only last week,

4th December, 2011
BES/EII Scheme: Davy and BDO launch first EII fund
Sinead Heaney, partner, BDO; Brian Davy, Davy Stockbrokers; and Andrew Bourg, director, BDO.

BES Management Limited, a joint venture between Davy and BDO, has launched the Davy EII Tax Relief Fund. The new Employment and Investment Incentive Scheme (EII) received EU approval only last week, but had been flagged for some time.

The scheme aims to transform the Business Expansion Scheme (BES) by widening the scope of companies that can raise EII funding. In addition, companies can now raise up to €10 million (previously €2 million) under the...

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