Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome the changes to the research and development tax credit which is something that has long been called for. Improvements have been made to the research and development regime over recent years but the base year has been an issue for a number of years. The change is very welcome. It is estimated that it will cost €50 million which will make a real, positive and practical difference to companies that invest in research and development. It is an area where Ireland is enhancing its reputation and is a gateway to real employment. I welcome this positive change.