Richard Bruton (Dublin North Central, Fine Gael)
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It allows aid for research and development and for training but does not like capital grants and so on. The DG puts de minimis and other requirements on items like that. The directorate proposes to increase the de minimis provision from €200,000 to €500,000. This would allow for more generous SME-type initiatives. The microfinance fund and loan guarantee comes under the de minimis provision because of the level of aid provided. The proposed change will allow for more generous thresholds.