I am informed by the Revenue Commissioners that the relevant information in relation to the Employment and Investment Incentive (EII) for the years in question is as set out in the following table.
Year
|
Estimated Cost
|
Number of Investors
|
Number of Companies
|
2013
|
€12.3 million
|
1,006 (including 6 EII funds)
|
185
|
2014*
|
€15.1 million
|
1,132 (including 4 EII funds)
|
179
|
*Provisional
Data in relation to the number of jobs supported should become available at a later stage. Under the terms of the scheme in force in the years shown above, relief in respect of 30% of the amount invested in a qualifying company is granted to the investor in the year of investment, while the balance is only due where it has been proven that employment levels have increased at the company at the end of the holding period (3 years) or where evidence is provided that the company used the capital raised for expenditure on research and development. Claims for the balance of the relief will be due from 2015.
The tax expenditure on the Seed Capital Scheme in 2013, the latest year available, was €1.1 million. There were 57 investors and 51 companies associated with these investments. Figures for 2014 will be available in due course.