Oireachtas Joint and Select Committees

Thursday, 9 February 2023

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2023
Vote 32 - Enterprise, Trade and Employment (Revised)

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael) | Oireachtas source

That is the scheme for companies that have been impacted by the war in Ukraine in terms of the cost of their energy.

A total of 14 companies have applied for that scheme: one in each of counties Cavan, Cork, Donegal, Louth, Mayo, Meath, Offaly, Westmeath and Wicklow, and two in counties Sligo and Dublin. So far, there is a grant aid total of just under €3.9 million. It is not a huge amount of money but the individual supports to those companies can be up to half a million euro. TBESS is a much broader scheme with much lower ceilings. This scheme is for high energy users whose income has reduced by 50% in a year and, from memory, there is a qualification criterion that 3% of the company's turnover must be linked to energy costs. I will happily stand corrected in that regard. Apologies; my official tells me it is a 15% reduction in the company's profit and 3% of its turnover must be linked to energy costs.

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