Suspension of Manufacturing Investment Programme and Possible New Incentive To Be Introduced Soon

The Department of Trade and Industry (“DTI”) has suspended the Manufacturing Investment programme (“MIP”) for the submission of future applications to the DTI with effect from 20 September 2013.

The MIP was intended to be implemented until July 2014 but the programme has recently being oversubscribed from a budgetary point of view and this necessitated the suspension of the programme earlier than originally intended.

It is expected that a new manufacturing incentive will be introduced in the first half of 2014. More detail on this new incentive should become available soon.