Business in Ireland

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• EU approves Irish grant aid to business

• 
  Helena Deane    Group moderator

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  EU approves Irish grant aid to business

  Ireland won approval from European Union antitrust authorities for its scheme to grant up to E500,000 per company hit by the credit crunch.
  
  The aid, in the form of direct grants, reimbursable grants, interest rate subsidies and subsidised public loans, will be available to companies this year and next.
  
  "The scheme is intended to increase possibilities to give timely and well targeted aid to SMEs (small and medium-sized enterprises) and large companies," the European Commission said in a statement. Since the credit crunch deepened in September last year, the EU's executive Commission has approved similar plans in France, the Netherlands, Hungary, Luxembourg, Latvia, Austria, Portugal and Britain.
  
  (Bizworld)
  
  • 15 Apr 2009, 12:47 pm
  Helena Deane wrote: > Ireland won approval from European Union antitrust authorities for > its scheme to grant up to E500,000 per company hit by the credit > crunch. > > The aid, in the form of direct grants, reimbursable grants, interest > rate subsidies and subsidised public loans, will be available to > companies this year and next. > > "The scheme is intended to increase possibilities to give timely and > well targeted aid to SMEs (small and medium-sized enterprises) and > large companies," the European Commission said in a statement. Since > the credit crunch deepened in September last year, the EU's executive > Commission has approved similar plans in France, the Netherlands, > Hungary, Luxembourg, Latvia, Austria, Portugal and Britain. > > (Bizworld)