Funding was Secured Under the Employment Incentive and Investment Scheme

This scheme allows individual investors to obtain income tax relief on investments made into EIIS certified qualifying companies. The new scheme is a replacement for the former Business Expansion Scheme.

The New Scheme is a Replacement for the Former Business Expansion Scheme

Donworth Capital has secured close to €1m under the new EIIS.

Donworth’s partner in securing this investment was the accountancy firm DHKN (dhkn.ie) which has offices in Galway and Dublin.

These funds form part of the overall €3m investment Donworth has raised for investment in Galmere Fresh Foods and Taravale Foods.

They enable Donworth to continue the rationalisation programme of these first two food enterprises while seeking future acquisitions which fit the company’s investment strategy and profile.

For further information, contact Madeleine Cosgrove at
mcosgrove@donworthcapital.com