It was designed to help the worst impacted businesses maintain employment during the crisis. If turnover had collapsed by more than 25 per cent in the second quarter of 2020, the state, through the Revenue Commissioners, would subsidise the wages of employees up to a certain threshold. Sublimity Therapeutics, a Dublin drug development company that raised – and exhausted €70 million in funding – was one of the thousands of businesses that applied for the Temporary Wage Subsidy Scheme. Revenue records show that three group companies applied for the scheme. The company’s revenues had not fallen by 25 per cent.…

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