Industrial Development (Enterprise Ireland) Act 1998

Industrial Incentives.

34

34. (1) The Act of 1993 is hereby amended by the substitution for section 12 of the following:

“Industrial Incentives.

12.— (1) Without the prior permission of the Government, the total amount of money granted to a particular industrial undertaking under any section referred to in section 34 of the Act of 1986 shall not exceed in the aggregate the higher of—

( a) £4,000,000, or

( b) £4,000,000 in excess of the aggregate amount of grants for which the prior permission of the Government has previously been obtained.

(2) Enterprise Ireland and IDA may make grants on such terms and conditions as they think proper towards employment of a person in a service industry (within the meaning of the Act of 1986).”.

(2) The Act of 1986 is hereby amended by the substitution—

( a) in section 24(5), for “£750,000” of “ £1,200,000”,

( b) in section 25(4), for “£1,250,000” of “ £2,000,000”,

( c) in section 26(2), for “£750,000” of “ £1,200,000”,

( d) in section 27(2), for “£300,000” of “ £480,000”,

( e) in section 28(4), for “£2,000,000” of “ £3,200,000”,

( f) in section 29(4)( a) and ( b), for “£250,000” of “ £400,000”,

( g) in section 29(7)( a) and ( b), for “£500,000” of “ £800,000”,

( h) in section 30(5)( a) and ( b), for “£250,000” of “ £400,000”,

( i) in section 30(6)( a) and ( b), for “£500,000” of “ £800,000”, and

( j) in section 31(4) for “£1,500,000” of “ £2,500,000”.