#52026AS121337Restructuring Aid Scheme for SMEs in Difficulty
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law authorizes a restructuring aid scheme in Ireland aimed at small and medium-sized enterprises (SMEs) facing difficulties. The aid is designed to support these SMEs in overcoming financial struggles and ensuring their continued viability. The overall budget for the program is set at 10 million euros and is applicable to all economic sectors during the period from January 1, 2026, to December 31, 2026.
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Key Changes
- Introduces a new restructuring aid scheme for struggling SMEs
- Expands the financial support available to all economic sectors
- Sets budget for the aid program at 10 million euros
Obligations
What this law requires
Administer restructuring aid exclusively to SMEs facing financial difficulties as defined under the scheme
Ensure total aid distributed does not exceed the overall budget of 10,000,000 EUR
Limit aid distribution period strictly to January 1, 2026 through December 31, 2026
Make aid available to eligible SMEs across all economic sectors without sector-based restrictions
Comply with State aid rules under Articles 107 and 108 of the Treaty on the Functioning of the European Union