IRELAND: New initiative hoped to encourage SME growth

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The Irish government has launched a new initiative in hopes to assist small businesses (SMEs) with funding, which has been named SURE (Start-Up Refunds for Entrepreneurs). It will enable founding Directors of SMEs to reclaim up to 40% of any capital that was originally invested over the six past years, with the condition that they have had mostly PAYE income in the previous four years and are fully employed in the company.