EU approves €1.22bn Irish support of companies struggling with high costs

The European Commission today approved a one point twenty two billion euro (€1.22billion) Irish scheme to support companies across a range of sectors who’re experiencing record-high energy costs because of the war in Ukraine.

The aid will take the form of direct grants. It will be open to companies of all sizes active in all sectors that are affected by the crisis except credit and financial institutions. The scheme will run initially until the end of next February but it could be extended until the end of April (2023).

Arianna Podesta, spokeswoman with the European Commission, explains

Out words: previous year

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