Time to Boost Investment in SMEs
Dublin Chamber is recommending a renewed policy focus on Ireland’s indigenous enterprise environment to establish entrepreneurship and SME growth at the heart of Irish economic strategy post-pandemic, alongside continued success in attracting and retaining FDI. The EII scheme can provide a valuable means of accessing finance for start-ups, but needs reform to be more effective.
In our recent submission to Government, Dublin Chamber made a number of recommendations to improve the scheme, including:
- Enhanced support for start-ups under EII by reducing the administrative burden and other inappropriate barriers to qualification;
- Improved the attractiveness of the scheme, e.g. by increasing the lifetime limit;
- Widening investor participation by increasing the range of eligible investment vehicles.
You can read the full submission here.