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Covid-19 Pandemic Supports

Dáil Éireann Debate, Thursday - 14 January 2021

Thursday, 14 January 2021

Questions (75, 76)

Bernard Durkan

Question:

75. Deputy Bernard J. Durkan asked the Minister for Finance the degree to which he expects Covid-19-related payments to continue into the future; and if he will make a statement on the matter. [2165/21]

View answer

Bernard Durkan

Question:

76. Deputy Bernard J. Durkan asked the Minister for Finance his plans for the continuation of Covid-19-related payments into the future; and if he will make a statement on the matter. [2166/21]

View answer

Written answers

I propose to take Questions Nos. 75 and 76 together.

I would draw attention to the comprehensive package of business and employer supports that have been made available since the July Stimulus Plan and Budget 2021, including the Covid Restriction Support Scheme (CRSS), the Credit Guarantee Scheme, the SBCI Working Capital Scheme, Sustaining Enterprise Fund, and the Covid-19 Business Loans Scheme.

Such measures as have been put in place to help otherwise viable businesses who continue to be adversely impacted by COVID-19 are kept under close review especially in light of the introduction of the Level 5 public health restrictions.

One very important measure that continues to be closely monitored is the Employment Wage Subsidy Scheme (EWSS).  This has been a key component of the Government’s response to the continued Covid-19 crisis with over €4.5 billion worth of payments having been made to date via wage subsidies to sustain businesses and help people to manage financially in the midst of these very challenging times.

I have always been clear that there will be no cliff-edge to the EWSS.  It is noted that the legislation implementing the measure provides that it will be in place until 31 March 2021, but also provides that the scheme may be extended until the end of June 2021, should it be required.

It is likely that continued support will be necessary out to the end of 2021 to help maintain viable businesses and employment and to provide businesses with certainty to the maximum extent possible.  Decisions on the form of such support will take account of emerging circumstances and economic conditions as they become clearer.

Question No. 77 answered with Question No. 71.
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