Deal done on new business cost grant scheme, says Paschal Donohoe

Spending minister hesitant to deploy €1.7 billion surplus in the National Training Fund as part of a wider package of new measures to help firms

Paschal Donohoe on his way in to chair a meeting of Eurogroup finance ministers on 13 May. Photo: Alexandros Michailidis/European Union

The government has all but reached agreement on a “good” plan to help smaller firms cope with the higher cost of doing business, according to Paschal Donohoe.

The minister for public expenditure has said he had no qualms about the price tag on a €150 million scheme that includes new grants and PRSI reductions for small and medium-sized enterprises (SMEs).

However, he was less forthcoming about a Department of Enterprise idea to deploy a surplus ...