Budget 2024
€250m business support scheme to fall short of rising wage bills
Internal industry research shows many small businesses won’t be eligible for new scheme designed to help with rising minimum wage costs
A new scheme to help SMEs with increased operating costs will fall significantly short of covering planned increases in the minimum wage, according to research conducted by Isme, a representative body for small and medium-sized firms.
In response to the new ‘Increased Cost of Business’ scheme, which was unveiled last week as part of Budget 2024 and will provide €250 million in once-off grants to small firms, hundreds of SMEs have said it will not ...