Ireland introduces additional innovative support for business

The Irish Government, through the Department of Enterprise, Trade and Employment, has initiated the Employment Subsidy Scheme, managed by Enterprise Ireland, to support the retention of jobs in viable exporting enterprises that might otherwise be made redundant as a result of the impact of the global and financial economic crises.

What is the Government Employment Subsidy Scheme

It is an employment subsidy scheme for eligible manufacturing and internationally trading, exporting enterprises that can identify a number of full-time jobs at risk in their company as a result of the current economic downturn.

Employment subsidies of up to €200 per week per full time (working an average 35 hour week) person for the first 26 weeks and then on a reducing scale thereafter to a maximum of €9,100 over the 15 month period to 21/11/2010 may be awarded to successful applicants. The maximum support an enterprise can receive is €500K. A condition of approval is that companies commit to maintaining a multiple of the number of full time jobs that may be covered by employment subsidies until 30/11/2010. Failure to comply with this condition will result in the application being ineligible. The scheme is implemented under the EU State Aid Temporary Framework Guidelines.

Further Information
www.employmentsubsidy.ie