Minister for Finance, Paschal Donohoe, said last month that he hoped businesses could seek aid under the Government's €1.2bn energy support scheme once the EU had approved the plan. Photograph: Damien Storan/PABusinesses facing soaring energy bills will be able to seek aid under a €1.2 billion Government scheme after the EU approved the plan on Thursday.
The Government in Budget 2023 that it would provide €1.22 billion in grants for businesses paying at least 50 per cent more for electricity or gas compared to last year. The European Commission confirmed on Thursday that it has approved the scheme, which required its backing under state aid rules.READ MORE
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