Irish companies hit by recession will be able to apply for relief from a € 300 m ( $ 370 ##m ) government loan scheme . In the last budget , € 14 m was set aside for the Department of Enterprise as part of the scheme . Another € 14 m was granted to the Department of Agriculture , ensuring that at least 40 % of the money will be available for food firms . This $ 14 m can be leveraged to offer a total of € 300 m after the signing of a counter guarantee through the European Social Fund . “This scheme will allow businesses to put in place the necessary changes to help them grow into the future. The scheme will be open to applications from eligible firms with up to 449 staff from March .
Irish companies hit by recession will be able to apply for relief from a € 300 m ( $ 370 ##m ) government loan scheme . In the last budget , € 14 m was set aside for the Department of Enterprise as part of the scheme . Another € 14 m was granted to the Department of Agriculture , ensuring that at least 40 % of the money will be available for food firms . This $ 14 m can be leveraged to offer a total of € 300 m after the signing of a counter guarantee through the European Social Fund . The scheme will be open to applications from eligible firms with up to 449 staff from March .