Cheaper fast-track rescue process for small companies set to launch
The new package will cost €10,000 on average, as opposed to the cost of €100,000 for an examinership
Small companies hit by the pandemic will be able to apply this week for a fast-track rescue process which could cost them €10,000 on average instead of €100,000 for an examinership.
Robert Troy, the Minister of State for Trade Promotion, told the Business Post that the ministerial order for the small company rescue process would be signed on Wednesday.
“We want to ensure that viable small businesses have a cost-effective, efficient process in place to ...