Investment in BES reaches new level

Investment in Irish companies through the Business Expansion Scheme (BES) reached its highest level in seven years last year as more investors opted to put money into BES funds.

Ian Kehoe - avatar

Ian Kehoe

3rd February, 2007

Investment in Irish companies through the Business Expansion Scheme (BES) reached its highest level in seven years last year as more investors opted to put money into BES funds.

Almost €51 million was invested in BES companies in 2006, up from €38.3 million for 2005, according to figures released by the Revenue Commissioners.

The total cost to the exchequer of the tax break last year was €21.4million. Just under 2,000 people invested money in a BES fund...

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