Friday August 14, 2020

Enterprise Ireland reviews firms’ funding

Enterprise Ireland is reviewing its criteria for funding small companies, amid concerns that the existing system is unworkable in the current economic environment.

28th February, 2009

Enterprise Ireland is reviewing its criteria for funding small companies, amid concerns that the existing system is unworkable in the current economic environment.

The state agency typically invests in firms only if the company promoters can put up matching funding, which entrepreneurs say is proving difficult in the credit crunch.

Tom Hayes, head of the high-potential start-up (HPSU) unit at Enterprise Ireland, said that the co-funding requirement was “under review”, and acknowledged that the environment...

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