Brendan Griffin TD Kerry
Tuesday, 1st July 2014
Kerry eligible for Investment Aid from today – Griffin
Govt adds Kerry to Regional Aid Map after Micheál Martin left it out in 2006
Fine Gael TD for Kerry, Brendan Griffin, has said that today, July 1st, marks a new chapter for business in Kerry, saying that the inclusion of Kerry for investment aid eligibility gives the county a greater chance to attract investment and jobs.
The new Regional Aid Map, which takes effect from today, outlines areas of the country in which the State can provide investment aid to businesses in order to support new investment and employment, under EU rules. It has been approved by the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, under the new Regional Aid Guidelines.
“Having strongly advocated for Kerry to be added to the Regional Aid Map both in Dáil Eireann and directly with Minister Bruton, I am delighted that from today the county is eligible for the full range of Government investment aid to businesses. I believe this will benefit Kerry greatly in terms of jobs and investment.
“Kerry was to be left out of the 2007-2013 Regional Aid Map by the then Minister, Micheál Martin which was hugely disappointing. However I am delighted that our Government has seen the sense in putting Kerry in to this new map.
“Kerry’s inclusion on the map will mean that aid intensity rates of 30% for small enterprises, 20% for medium-sized enterprises and 10% for large enterprises will now apply in the county. Aid to large enterprises is permitted for new economic activities, expansions which involve new products or services, and product innovation.
“I wish to sincerely thank Minister Bruton for his work on achieving this much improved status for Kerry and hope that it will lead to the retention and creation of jobs for the people of Kerry into the future.”