Irish Start-Up Schemes for Business Vastly Underused

Enterprise department finds start-up firms not availing of government support...
Irish Start-Up Schemes for Business Vastly Underused
WASTED INCENTIVES: A stack of euro coins sits on top of a 50 euro note in this stock photo. Irish start-up enterprises are foregoing substantial government incentives due to a lack of awareness of what support is available Dan Kitwood/Getty Images
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WASTED INCENTIVES: A stack of euro coins sits on top of a 50 euro note in this stock photo. Irish start-up enterprises are foregoing substantial government incentives due to a lack of awareness of what support is available (Dan Kitwood/Getty Images)

At the 9th Action Plan for Jobs 2012 Forum last Tuesday in Galway, the Minster for Jobs, Enterprise and Innovation, Mr Richard Bruton TD, presented a new leaflet detailing the schemes that start-up companies can apply to for government help.

According to a press release from his department, only a marginal number of those qualified to benefit from start-up schemes actually avail of them. The Revenue Job Assist Scheme, for example, which allows a double write-off (for 3 years) of both wages and PRSI when hiring someone who has been on the live register for 12 months, was only used in 650 cases in 2010. However 200,000 people could benefit from it, according to the press release. 2010 is the last year that figures are available for.

Minister Bruton said the problem for Irish start-ups is not a lack of government support, but rather a lack of awareness on their part about the support available. The new leaflet is part of a drive to change that.

“It has become clear to me that there is a serious gap in business awareness of the actual supports that already exist. That is what this leaflet is about—setting out in short order what is available to help you to start or run your business successfully,” he said.

According to Mr Bruton: “Governments don’t create jobs; successful businesses do. But Government can help, and this leaflet explains some of the more immediate and direct sources of support which I hope businesses can take advantage of in the coming months and years.”

The leaflet contains information about 15 schemes for businesses in the start-up phase, and is available here: http://www.enterprise.gov.ie/Publications/Financial-Support-for-Irish-Business.pdf

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