STANDING UP FOR BUSINESS 2023

Businesses face an uncertain future on many fronts. Despite the range of threats facing our economy, many parties in the Dáil take the success created by Ireland’s enterprise sector for granted. History has shown what a mistake that can be. Many good businesses created and nurtured over many years, have been destroyed by policy errors for which they were not responsible, this must not happen again. It is vital that we nurture start-ups, create a good environment for businesses to grow, and ensure that success in enterprise is fairly rewarded.

Cllr Naoise Ó Muirí 086 8270408 • campaign@naoise.ie

Cllr Anthony Lavin 087 9931329 • anthony.lavin@cllrs.fingal.ie

Small Company Rescue

Cllr Terence Flanagan 087 9952031 • terenceflanagan34@gmail.com

Frances FITZGERALD MEP frances.fitzgerald@europarl.europa.ie

Other important bodies which can help with the specialist needs of business are Knowledge Transfer Ireland to commercialise Irish research, National Standards Authority of Ireland to develop new product standards, Inter Trade Ireland to assist cross border trade, the Employment Permits Unit to allow you to recruit talent you cannot find in the European Union Tax Relief for Start-Up - see under the Tax Section, inside this leaflet.

An “administrative rescue process” SCARP is now in operation which allows small companies [no more than 50 employees, than €14m turnover or than €6m balance sheet] to continue trading while an Insolvency Practitioner appointed by the company works out a solution to debt problems or to amend leases. The aim is to complete a work out within 70 days.

To participate the company needs to prepare a statement of affairs, have the IP report that a reasonable prospect of survival of a resolution is worked out. Over a 42 day period, creditors will be consulted and they vote within 7 days of a Rescue Plan being presented. The proposition must get majority support, but a rejection can be referred to court.

Your Fine Gael Team In Dublin South West

I hope that this summary of important measures to support businesses

Colm Brophy Td

Dáil Éireann, Leinster House,