The Irish government has recently unveiled Budget 2021 which has highlighted several areas pertaining to business development in Ireland. This year’s Budget is worth more than €17bn and addresses the unprecedented difficulties and impact of the pandemic on the nation. However, the budget has been described by Tánaiste Leo Varadkar as a “pro-business and pro-jobs Budget”.
In order to support business in Ireland, the Government has laid out several allocations that will promote growth despite the pandemic. IDA Ireland is to receive €10m to develop advanced factories and industrial estates for companies seeking to invest in Ireland from abroad. They have also ring-fenced €30m for regional enterprise centres for initiatives that create jobs in the country. A further €3m has been committed to further develop digital hubs to help SMEs modernise and stay developed. Additional funding will be given to existing supports for businesses impacted by COVID-19 such as the Credit Guarantee Scheme, Sustaining Enterprise Fund, and the Online Retail Scheme.
For more information about Budget 2021, you can visit www.citizensinformation.ie/en/money_and_tax/budgets/budget_2021.html