Open-ended scheme approved for construction sector
The Irish cabinet has approved plans for an open-ended scheme that will pay up to 70% of builders’ construction costs. These must be related to inflation and made in line with Central Statistics Office figures. However, builders can backdate qualifying claims to 1 January, 2022. The scheme is likely to cost millions of euros each month. Furthermore, the estimated bill for the first trimester could total EUR 30-40 m. Minister…