Tax relief scheme aimed at raising funds for small and medium-sized Irish companies
Investors typically put between €20,000 and €50,000 into companies and tend to be professionals such as accountants, solicitors and lawyers
The Employment and Investment Incentive Scheme (EIIS) is set to hit levels of fundraising this year not seen since the headiest days of the Celtic Tiger in 2007, according to the head of one of the biggest EIIS funds in the market.
Investors will have pumped record levels of at least €100m into the tax relief scheme that is aimed at raising funds for small and medium Irish companies by year end, said Mark Richardson, managing director of the Goodbody EIIS Funds at Azets Ireland.
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