Pearse Doherty (Donegal, Sinn Fein)
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The knowledge development box was supposed to complement the research and development tax credit. We have learned that there has been a very low rate of pick-up this year. It was confirmed to me by the Patents Office that not a single small or medium enterprise, SME, has applied for the scheme. We were told that the knowledge development box would be a major benefit for SMEs but none has applied. I know that the scheme is still open and that we may not get full data until later in the year but is Mr. Coffey concerned with that? What trends is he identifying in this regard?