Oireachtas Joint and Select Committees

Wednesday, 9 November 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Current Issues Affecting Trade in Ireland: Enterprise Ireland

Mr. Donal Leahy:

As Mr. Clancy noted, there are two streams. In stream 1, the checks and balances are that the company must have a 15% reduction in earnings before interest, taxes, depreciation and amortisation, EBITDA, in 2021. Any companies that continue to be very profitable should not be able to avail of the new scheme. The new thing in stream 1, which we did not have with the Covid supports, is that companies are required to show a willingness to deal with sustainability issues and must have a plan in place in respect of sustainability or be preparing one. Stream 2, which is the larger scheme-----

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