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. Leo Clancy:

It is 30% over a doubling. The way I remember this is as follows. If a company's energy cost was €1 million in 2021, and if it is now €3 million, it can get 30% of the last €1 million, so €300,000 over a €3 million energy bill is the quantum. Also, it is worth remembering that our support is capped at €2 million for stream 2 of the Ukraine enterprise crisis scheme.

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