€185m scheme for critical firms

Jobs Minister Richard Bruton said yesterday that his department would make provision for €185m in development and seed capital in the coming year to provide support for critical firms.

In total, the Department of Jobs’ capital spending will increase to over €500m in 2015, which the minister said would support more than 50,000 new jobs.

Improved tax incentives to attract more multinationals to Ireland, certainty around company residence rules, new schemes to support start-up firms and measures aimed at providing extra non-bank funding for SMEs form the basis of what Mr Bruton outlined as a very positive budget in his briefing yesterday.