Oireachtas Joint and Select Committees

Wednesday, 8 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage (Resumed)

10:00 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

It will ramp up towards €10 million a year. Regarding the size of the companies, this programme applies to employees of micro, small and medium-sized enterprises, as defined by the European Commission. Medium-sized companies, according to the European Commission, are relatively big in an Irish context. They can have up to 250 employees. Therefore, there could be a relatively big company employing, say, 249 staff, with a turnover of €200,000 per employee. That would be at the upper limit of employees who could qualify for KEEP.

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