Scale Ireland has welcomed the publication of the Government’s new White Paper on Enterprise Policy as ‘an important and timely roadmap’ for the country.
Scale Ireland, which is the independent not-for-profit representative organisation for start-ups and scaling companies, welcomes the ambition to increase the number of indigenous firms succeeding globally, to complement the success of our FDI strategy.
Scale Ireland also welcomes comments by the Tanaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar that this ambition will ‘require relentless focus and perseverance in the years ahead. Through interventions that facilitate enhanced management capabilities, provide
access to competitive finance options and nurture strong sectoral and technological ecosystems, we will fuel entrepreneurship and enable companies to scale and succeed from Ireland’.
The strategy contains a number of important commitments in areas that Scale Ireland has highlighted, including the difficulties that smaller start-up companies experience in navigating state support schemes (EIIS, KEEP and R&D tax credits), which are potentially beneficial to those companies.
The commitment to review the Capital Gains tax regime from a risk perspective, which is a particularly important issue in terms of investment in early stage start-ups is also welcome.
Scale Ireland looks forward to working with the Government on these initiatives.