Michael Finneran (Roscommon-South Leitrim, Fianna Fail)

The amendment is required to clarify the percentage reduction of the clawback that applies on the second, third and fourth anniversaries of the grant payment, which is not covered by the existing provision. The amendment does not change the rate of reduction in the clawback payable in the case of sales over the five years following the payment of the grant. The wording has been amended to ensure it covers the entire five-year period without any gaps.