The COVID-19 pandemic has resulted in an unprecedented situation that has required a series of emergency responses from the Government.
I launched the Temporary Wage Subsidy Childcare Scheme (TWSCS) on 15 April. The TWSCS provides substantial funding towards staff wages, and provides for a portion of services’ non-deferrable overhead costs.
As of the 5th June 2020 TWSCS subsidies had been calculated in respect of 1,607 organisations, and totalled €23.3m. Of this, €10.4m related to the overhead contribution.
I note that 3,884 providers have signed a TWSCS funding agreement to-date. As of 5th June 2020 a total of €49.3m has been disbursed under all elements of this scheme. This overall expenditure figure includes TWSCS pre-payments that were made to providers for an initial period following the launch of the scheme, until the information necessary to process overhead and employee-based payments had been collected. It is not possible to extrapolate the amount of these pre-payments that pertained specifically to the overhead contribution.