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IPSA holds positive meeting with Department of Business officials

By March 14, 2018No Comments

IPSA had a very positive meeting with officials at the Department of Business, Enterprise, and Innovation this week.

On the agenda was:

  • IPSA’s concerns over restrictions and exclusions in the new KEEP (Key Employee Engagement Programme) scheme for SMEs.
  • Employee PRSI & USC on approved schemes.
  • The need for Employee Ownership Trusts to encourage and facilitate succession planning for SMEs.

Department officials said they were looking forward to working with IPSA on these issues and learning more about the wider economic impact of Employee Ownership for Irish businesses.

IPSA has committed to providing the Department with information and evidence, including case studies, of Employee Ownership in action both in Ireland and globally.

Speaking afterwards, IPSA Chairman Nigel Derrick said: “This was a really positive meeting with the Department of Business, Enterprise, and Innovation. They are keen to know more about Employee Ownership best practice and how it can be implemented in Ireland.

“We’re looking forward to following up on this meeting by gathering and presenting the Department with evidence which could help shape future policy and regulatory decisions on Employee Ownership in Ireland.”