PRESS: Wexford People, Tuesday November 17th – Inside Business
Local Firm in €20m joint fund venture
GOODBODY and Enniscorthy and Dublin based Hughes Blake Chartered Accountants have formed a joint venture to provide fresh funding for quality Irish SMEs under the Employment and Investment Incentive Scheme (EIIS).
The new joint venture, EIIS Management Limited, plans to raise an annual fund under the government scheme which allows Irish taxpayers who participate in it to claim up to 40% income tax relief on their investment.
The JV’s first fund, the Goodbody 2015 EIIS Fund, is prepared to raise up to €20 million from private investors. The fund will then invest in a wide range of eligible Irish companies including hotels, manufacturing businesses, nursing homes and wind farms.
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