merrion street

The Minister for Finance, Paschal Donohoe TD, has today (Wednesday) launched a public consultation on the Employment Investment Incentive (EII).
Conscious that the pandemic has affected private investor confidence, and, in turn, the flow of available private equity investment into Irish companies, Minister Donohoe now invites interested parties to make submissions on how the EII might be further enhanced to take account of the changing business environment.
The Minister invites interested parties to make submissions on:
• Enhanced support for start-ups under EII.
• Broadening the eligible funds from Irrevocable Trusts/Designated Investment Funds by opening EII Funds to other relevant regulated fund structures.
• The relationship between the Renewable Energy Support Scheme (RESS) and EII.
• How EII might respond to the changing environment in which it operates.
• Any other matters considered relevant.
Minister Donohoe said today:

In my Budget 2021 speech I committed to engaging with stakeholders on the future of the Employment Investment Incentive before the end of the year. Today I am happy to launch a public consultation process with the intention of listening to the views of investors, businesses and employers as to how EII can be enhanced in light of the impact of the current crisis.

How to Respond
Submissions (in writing) should be made by email to: EIIconsultation@finance.gov.ie
When responding, please indicate whether you are a business, business professional, adviser, representative body or member of the public.
Submissions should be made no later than close of business on Friday, 12 February 2021.
The consultation process is open from today 23 December 2020 until 17:00 12 February 2021. Any submission received after this date may not be considered. All submissions received will be evaluated and a period of further direct interaction with stakeholders is planned for during Q1 2021.