Wednesday January 22, 2020

State seeks EU approval for Brexit aid for Irish firms

Payments of up to €10m would help SMEs in distress – but need a waiver from EU state aid rules

15th October, 2017
Business minister Frances Fitzgerald

Business minister Frances Fitzgerald has applied for state aid clearance on an emergency rescue package for Brexit-hit businesses that would see payments of up to €10 million cleared for firms.

The Tánaiste told the Dáil last week that she had filed for a “rescue and restructure scheme” which would “allow for grants or equity supports of up to €10 million to SMEs in severe financial distress as a consequence of Brexit”....

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