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Industrial Development (No. 2) Act, 1981

In short

This law amends existing industrial development legislation to allow for grants to be given to service industries and clarifies the definition of "industrial undertaking." It aims to support regional and national development by promoting commercially viable service undertakings with growth prospects.

What it regulates

  • The provision of employment grants to service undertakings.
  • The conditions under which these employment grants can be issued.
  • The definition of "industry" and "industrial undertaking" within the context of industrial development.
  • Financial limits on employment grants.

Who it concerns

  • The Industrial Development Authority (the Authority).
  • Service undertakings seeking employment grants.
  • The Minister for Industry, Commerce and Tourism and the Minister for Finance.

Key points

  • The Authority can give "employment grants" to service undertakings if they contribute significantly to regional and national development.
  • To qualify for a grant, a service undertaking must be commercially viable, have good growth prospects, and would not develop without the grant.
  • The amount of an employment grant is subject to a financial limit set by the Minister with the concurrence of the Minister for Finance.
  • The Authority cannot give an employment grant or grants exceeding in aggregate £1,250,000 to a particular undertaking without prior Government permission.
Legal text
Legal text

Industrial Development (No. 2) Act, 1981 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

  1. ie)Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.
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  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1981 Industrial Development (No. 2) Act, 1981 Industrial Development (No. 2) Act, 1981 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 14 of 1981 INDUSTRIAL DEVELOPMENT (NO. 2) ACT, 1981 ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Employment grants to service industries. 3. Amendment of section 1 of Industrial Development Authority Act, 1950. 4. Amendment of section 2 of Principal Act. 5. Short title, construction and collective citation. Acts Referred to Industrial Development Act, 1969 1969, No. 32 Industrial Development Acts, 1969 to 1978 Industrial Development Acts, 1969 to 1981 Industrial Development Authority Act, 1950 1950, No. 29 Number 14 of 1981 INDUSTRIAL DEVELOPMENT (NO. 2) ACT, 1981 AN ACT TO AMEND AND EXTEND THE INDUSTRIAL DEVELOPMENT AUTHORITY ACT, 1950 , AND THE INDUSTRIAL DEVELOPMENT ACTS, 1969 TO 1981. [26th May, 1981] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Definitions. 1.—In this Act— “the Authority” means the Industrial Development Authority; “employment grant” has the meaning assigned to it by section 2 of this Act; “the Minister” means the Minister for Industry, Commerce and Tourism; “the Principal Act” means the Industrial Development Act, 1969 ; “service undertaking” has the meaning assigned to it by the Principal Act, as amended by this Act. Employment grants to service industries. 2.—

(1)The Authority may make a grant (in this Act referred to as an “employment grant”), on such terms and conditions as it thinks fit, towards the employment of persons in a service undertaking.
(2)An employment grant may be made where, in the opinion of the Authority, the undertaking would contribute significantly to regional and national development and, in particular,— (
  1. a)would be commercially viable, (
  2. b)would have good prospects for growth, and (
  3. c)would not be developed in the absence of an employment grant.
(3)The amount of an employment grant shall be subject to such financial limit as shall be fixed from time to time by the Minister with the concurrence of the Minister for Finance.
(4)The Authority shall not, without the prior permission of the Government, give in respect of a particular undertaking an employment grant or grants exceeding in the aggregate £1,250,000. Amendment of section 1 of Industrial Development Authority Act, 1950. 3.—
(1)Section 1 of the Industrial Development Authority Act, 1950 , is hereby amended by the substitution of “references to industry include references to such service industries (within the meaning of the Industrial Development Act, 1969 , as amended) as stand specified from time to time by order made by the Minister” for “references to industry do not include references to banking, insurance or agriculture”, and references in the Industrial Development Authority Act, 1950 , and in the Principal Act to industry shall be construed accordingly.
(2)An order under section 1 of the Industrial Development Authority Act, 1950 (as amended by this Act) shall not be made in relation to banking without consultation with the Minister for Finance. Amendment of section 2 of Principal Act. 4.—Section 2 of the Principal Act is hereby amended by the substitution of the following for the definition of “industrial undertaking”; “‘industrial undertaking’ includes an undertaking ancillary to industry and an undertaking (in this Act referred to as ‘a service undertaking’) engaged in the provision of a service;”. Short title, construction and collective citation. 5.—
(1)This Act may be cited as the Industrial Development (No. 2) Act, 1981.
(2)This Act and the Industrial Development Acts, 1969 to 1981, shall be construed together as one Act.
(3)This Act shall be included in the collective citation “the Industrial Development Acts, 1969 to 1981.”. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.