Written answers
Tuesday, 12 June 2012
Department of Finance
Tax Reliefs
8:00 pm
Olivia Mitchell (Dublin South, Fine Gael)
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Question 189: To ask the Minister for Finance the total investment arising from the business expansion scheme; the total number of companies that claimed the tax relief, before it was superseded by the introduction of the Employment and Investment Incentive Scheme, in each of the years 2008, 2009, 2010, 2011; and if he will make a statement on the matter. [27813/12]
Michael Noonan (Limerick City, Fine Gael)
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The estimated amount of investment approved under the Business Expansion Scheme (other than investments approved under the Employment and Investment Incentive Scheme) in the calendar years 2008, 2009, 2010 and 2011 is as set out in the following table. The number of companies which benefited from these investments is also provided.
Business Expansion Scheme Investments
Year | Amount of Investment Approved in the Calendar Year - €m | Number of Companies |
2008 | 135.8 | 290 |
2009 | 62.3 | 198 |
2010 | 58.3 | 215 |
2011* | 41.0 | 189 |
* Provisional
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