Budget 2021 provides little by way of immediate investment incentives or supports. An assessment of the EIIS will be conducted in the context of COVID-19. The Department of Finance is coordinating a group to provide proposals to leverage European capital and establish an equity fund with a mandate to invest in domestic, high innovative enterprises.
Employment and Investment Incentive Scheme (EIIS)
Department of Finance will initiate an assessment of how the EIIS can be enhanced this year. The enhancements will consider the impact of the pandemic on the scheme.
EU funding
A group comprised of the Department of Business, Enterprise and Innovation; Enterprise Ireland; the Ireland Strategic Investment Fund; the European Investment Bank; and the European Investment Fund will be set up to focus on leveraging European capital and establishing an equity fund with a mandate to invest in domestic is.
The Government will provide an initial €30 million in funding through the Ireland Strategic Investment Fund (ISIF) to support an appropriate and effective scheme and thereby leverage matching funding for early-stage seed and growth capital.
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