The Government has announced a new startup fund as part of the €250m Regional Actional Plan for Jobs
The Government has set up a €10 million fund to support Irish startups and job creation. Half of these funds will go to Local Enterprise Offices around the country to support new initiatives and anyone seeking to apply can request a maximum of €250,000 per project. The other €5 million will go to a Community Enterprise Initiatives fund aimed at supporting organisations and groups seeking to develop projects and jobs at local, community, and regional level.
Tax Refund for startups
The startup fund is part of the wider €250 million Regional Action Plan for Jobs and follows the announcement of the Startup Refunds for Entrepreneurs (SURE) initiative which offers a potential 41% tax refund for startups. This scheme is aimed at supporting people who were in PAYE employment who want to start up their own business by offering them the chance to recoup a portion of the capital they invested in the company.
Every year, Taxback.com helps sole traders and new business owners involved in startups reduce their tax liability and stay compliant with Revenue by filing their self-assessed tax return. If you’re self-employed or own a business, then find out more about filing your annual tax return here.
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