I understand the enormous difficulties the wedding industry is facing as the pandemic rolls on. I fully appreciate that it is one of the industries worst affected and for the longest and know that as we enter a second year of restrictions many in the sector must be fearing for their future. I do hope that once the pandemic is over the wedding sector will have a number of good years with so many weddings postponed. In the meantime, the Government wants to make sure as many businesses as possible survive to see that day.
The financial support the Government is providing businesses and workers affected by the pandemic is unprecedented. Almost a million people of working age are now in receipt of weekly payments including the Pandemic Unemployment Payment (PUP), Employment Wage Subsidy (EWSS) and Jobseekers Benefit or Allowance. Support for business includes the weekly CRSS payment for businesses forced to close their doors to the public, reduced VAT rates, a commercial rates holiday, the Sustaining Enterprise Fund, the Tourism Business Continuity Scheme as well as low cost loans.
Budget 2021 provided a significant package of tax and expenditure measures to build the resilience of the economy and to help vulnerable but viable businesses across all sectors. Details of the wide range of supports available are on my Department’s website at https://dbei.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/.
These measures are in addition to the €7 billion July Stimulus of enterprise measures, which includes the Wage Subsidy Scheme extended through 2021, the Pandemic Unemployment Payment, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst self-employed. We are providing for an extension of the tax warehousing scheme to include repayments of Temporary Wage Subsidy Scheme funds owed by employers and preliminary tax obligations for adversely affected businesses.
As announced in the July Stimulus, the Enterprise Support Grant was extended to assist eligible self-employed, including sole traders, who exit the PUP or jobseekers schemes, to re-start their business. Further information is available at www.gov.ie.
On the 9th of December, following engagement with the Arts sector and other self-employed sectors my colleague Minister Heather Humphreys T.D., Minister for Social Protection, announced the doubling of the PUP threshold from the current €480 over four weeks to €960 over an eight-week period effective immediately. This measure is to assist those who are trying to restart their businesses and will allow self-employed people to take on intermittent jobs without losing their entitlement to the PUP.
The Government also announced the provision of support of €50m for the live entertainment sector in Budget 2021. This will include measures for the commercial entertainment sector and will support live entertainment across the country. The 2021 supports for the live entertainment sector will be the subject of further consultation with stakeholders. It will also be informed by the pilot live performance scheme in 2020 which is being rolled out now.
The three main schemes, the CRSS, EWSS and PUP compare favourably with any other packages on offer in other countries. The new scheme, announced this week, the COVID Business Aid Scheme (CBAS) will provide funding of up to €8,000 for those businesses that are in receipt of a rates bill from their local authority. While the grant is modest, it will help smaller businesses in particular to cover these costs – rent, insurance, utilities, security.
The Government is very much open to proposals from the wedding sector as to how we can help further. However, Government schemes to support businesses are generally designed to help meet fixed costs that cannot be avoided and it is not possible to provide compensation for loss of personal income or profits.
My colleagues, Minister Catherine Martin T.D., Minister for Media, Tourism, Arts, Culture, Sport and the Gaeltacht and Minister Charlie McConalogue, Minister for Agriculture, Food and the Marine may be able to provide more specific details on the events and hospitality industry and details on supports for the food sector respectively.