October 2023
The Minister for Enterprise, Trade and Employment Simon Coveney TD announced a Budget 2024 package which recognises the ongoing challenges businesses are facing. The Minister also secured approval for the Increased Cost of Business Scheme (ICOB), which is a once-off grant to benefit up to 130,000 small and medium businesses at a cost of €250m.
The range of tax measures include:
- Once-off €250m Increased Cost of Business Scheme
- €145m Start Regions fund announced
- Increase in R&D Tax Credit to 30%.
- Additional €27m for IDA Ireland to accelerate Regional Property and Enterprise Grants programmes
- €9m for Local Enterprise Offices to help business with green journey and digital transformation
- New Angel Investment Scheme with 16% CGT Rate for Innovative SMEs
- New National Enterprise Hub
Find out more, click
here.
Source: www.enterprise.gov.ie