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30/08/2007
Martin Welcomes European Commission Approval For Schemes
The Irish Minister for Enterprise, Trade and Employment, Micheál Martin welcomed the announcement that State-aid approval has now been received from the European Commission for the extension and amendment of the Business Expansion Scheme (BES) and the Seed Capital Scheme (SCS).
The Minister said: "I am delighted that we have secured the necessary approval from the European Commission under State-aid rules for the expanded BES/SCS schemes. The BES and the SCS play an important role in helping bridge the financial gap for businesses in the pre and early start up phases of new enterprises. The approval reflects my commitment to ensure that the recommendations of the Small Business Forum on this issue were implemented. The importance of these schemes is further reflected in this Government’s continued commitment to them in the agreed Programme for Government.”
The Minister continued: "Small to medium-sized manufacturing make a vital contribution to job creation and to maintaining our competitiveness. The extension of these schemes will encourage further enterprise, incentivise innovation and promote competitiveness in Irish industry. They will help position our businesses for long-term success."
The Minister also welcomed the Tánaiste’s intention to bring forward shortly the necessary legislative provisions to give effect to this State-aid approval.
Finally, the Minister noted: “The expansion of the BES/SCS schemes is one of a number of measures which we are implementing to promote and support small businesses which employ almost 800,000 people in Ireland.”
(CD/SP)
The Minister said: "I am delighted that we have secured the necessary approval from the European Commission under State-aid rules for the expanded BES/SCS schemes. The BES and the SCS play an important role in helping bridge the financial gap for businesses in the pre and early start up phases of new enterprises. The approval reflects my commitment to ensure that the recommendations of the Small Business Forum on this issue were implemented. The importance of these schemes is further reflected in this Government’s continued commitment to them in the agreed Programme for Government.”
The Minister continued: "Small to medium-sized manufacturing make a vital contribution to job creation and to maintaining our competitiveness. The extension of these schemes will encourage further enterprise, incentivise innovation and promote competitiveness in Irish industry. They will help position our businesses for long-term success."
The Minister also welcomed the Tánaiste’s intention to bring forward shortly the necessary legislative provisions to give effect to this State-aid approval.
Finally, the Minister noted: “The expansion of the BES/SCS schemes is one of a number of measures which we are implementing to promote and support small businesses which employ almost 800,000 people in Ireland.”
(CD/SP)
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NI training schemes suffer cutbacks
Some of Northern Ireland's most recognised training schemes are to be cut, the Government announced today. The Worktrack programme, which provides 26 weeks of work based training is to be scrapped, while there are to be cuts to Learndirect, an online learning scheme, as well as cuts to specialist IT and management training schemes.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
