Butler welcomes inclusion of Kells in new Regional Aid Map

Fine Gael Meath West TD, Ray Butler, has today (Friday) warmly welcomed the announcement that Kells is set to be included in the new Regional Aid Map, after the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, secured a better deal for Ireland in negotiations with the European Commission.

The Regional Aid Map provides details of areas which can receive Government support for businesses and investment under EU rules. Kells is one of four new towns being included on the list.

“Under the original proposals from the European Commission (EC) the number of areas which would have been eligible for State support under the new Regional Aid Map would have been slashed. Minister Bruton and his officials deserve to be commended for delivering a much better deal for Ireland. Not only have we increased the number of areas eligible for aid, the level of aid is being maintained.

“This will come as very welcome news to businesses in Kells, which have had a very difficult few years. Providing State aid to enterprises in more areas of the country which have suffered considerably as a result of the economic downturn is an important part of the Government’s jobs strategy.

“Typically, the aid takes the form of capital grants from the Exchequer through the Department of Jobs for initial investment in new buildings or extensions, and employment grants linked to initial investment, paid to enterprises by IDA Ireland or Enterprise Ireland. Investment aid is also provided for tourism grants, marine tourism, urban and rural renewal and other tax-based development schemes.

“When this Government took office, we were losing 2,000 jobs a week. Now, at least 1,200 new jobs are being created every week. The challenge for the Government is to ensure the recovery is being felt in every town and village across the country.

“The Government is committed to regional investment, and that means ensuring that rural towns such as Kells as given the best possible chance to attract investment and support indigenous businesses. Minister Bruton has said that this announcement will make it easier to go into boardrooms of multinational and Irish exporting companies and convince them to create jobs in regional locations like Kells.

“The new Map is expected to take effect from 1st July 2014. Investment aid to large enterprises is permitted for new economic activities, expansions which involve new products or services, and also product innovation.”

//ENDS//

rolex replica uk replica watches sale replica watches replica watches