Ray Butler (Meath West, Fine Gael)
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Question 140: To ask the Minister for Finance further to Parliamentary Question No. 136 of 12 April 2011, if an update is available on the timescale involved for the signing of the commencement order for the employment and investment incentive; if it will be fast tracked in any way in view of the fact that businesses are anxiously awaiting this decision based on the simplified certification requirements and the increase in the limits that can be raised compared to the BES scheme; and if he will make a statement on the matter. [11772/11]

Michael Noonan (Limerick City, Fine Gael)
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As I indicated to the Deputy in my previous response of 12th April, the approval of the European Commission is required before the new scheme can be commenced.

My officials are engaged in ongoing discussions with the European Commission with regard to the proposed changes. I can assure the Deputy that the scheme will be implemented as soon as possible once approval has been received. However, it is not possible to stipulate when that might be.