Author: avid-partners

Employment and Investment Incentive Scheme (EII) Now Open For Businesses

 

This is a revamped version of the Business Expansion Scheme. It is a tax relief incentive which provides tax benefits to eligible investors for investments made into certain qualifying small and medium sized trading companies. The  Employment and Investment Initiative Scheme enables qualifying companies to raise up to €10,000,000 (subject to a maximum of €2,500,000 in any one twelve month period) in equity funding. The programme also allows individual investors to obtain income tax reliefs on investments made into certified qualifying companies.

The EII Scheme has many benefits to eligible companies including:

Cash flow advantages
Low/fixed cost of finance for three years
Investment is equity not debt
Repayments don’t come into play until 2017
Existing company shareholders retain control
Participation may open the door for further funding opportunities such as bank financing or government support agencies.

Avid Partners can advise if your organisation is eligible for the EII Scheme and if so can assist in getting the organisation registered for the initiative. We can also manage the funding process itself and ensure that the participating company is marketed effectively for the scheme. We will also ensure that all investment opportunities are maximised.

Contact Avid Partners today for further details of the scheme and let us help you in gaining new investment into your business in order to reach its true potential. Email: advice@avidpartners.ie for further details or call us on 01 4286900.

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