Ireland: Employment Subsidy Scheme

A new website dedicated to Ireland’s ’employment subsidy scheme’ can be found here. It is managed by Enterprise Ireland. The date for application, however, has been closed. It was open for a month last August. But, according to IRN, the Minister for Enterprise, Trade and Employment will be announcing a new deadline next week.  Another public policy, central to tackling the current economic crisis that has gone completely unnoticed.

Any country adopting such subsidy schemes must, under EU commission rules, ensure they are not supporting declining industries. They must prevent job losses in sectors that are sustainable in the medium to long-term future. It is perhaps trying to identify whether a company is sustainable or not that has kept this policy low-key. Therefore, all measures must be focused on companies that are affected not by a drop in demand for their services or products but by the economic crisis (credit related). How to determine this is difficult in a small open, dependent economy.

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