Darragh O'Brien (Fianna Fail) | Oireachtas source

I move recommendation No. 3:

In page 26, between lines 1 and 2, to insert the following:“19.The Minister shall, within 1 month of the passing of this Act, prepare and lay before the Oireachtas a report on the operation of the Employment and Investment Incentive in particular in how it relates to companies more than seven years old.”.

On Second Stage I gave the Minister of State a specific example to highlight my concern. Without the insertion of this recommendation, companies more than seven years old are disadvantaged under the provisions under which there is access to the employment and investment incentive, EII, scheme because of the amount of finance they must raise. Will the Minister of State’s officials look into this matter? It appears from research conducted by Fianna Fáil that this is the case. If that is the case, the purpose of inserting this recommendation would be that within one month of the passage of the Bill the Department would come back with a report on how the EII scheme was operating for companies seven years old or older.