Cork-based Quintas Capital launches €12m EIIS investment fund 

Focus of new fund will include childcare, healthcare, recreation, and renewables

Kevin Canning, Brendan Moran, and Paul O'Connell, of Quintas Capital. The company launched its latest EIIS investment fund on Monday. Picture: Michael O'Sullivan/OSM PHOTO

Cork-based Quintas Capital has launched a €12m investment fund in social infrastructure projects in Ireland through the Employment Investment Incentive Scheme (EIIS).

The Employment Investment Incentive Scheme (EIIS) is a government-backed programme that encourages private investment in Irish SMEs. It can achieve 50% income tax relief, versus 35% for trading businesses. Relief can be claimed on up to €1m annually per investor.