I would like to highlight some of the help currently being offered by my Department to businesses which includes those within the hospitality sector, including those businesses offering take-away food activities and registered under the Stay & Spend scheme.
These are in addition to other schemes offered by different Departments such as Pandemic Unemployment Payment, Employee Wage Subsidy Scheme and Covid-19 Restrictions Support Scheme (CRSS).
The schemes available to businesses from my own Department include cheaper loan finance through MicroFinance Ireland, SBCI and the revised €2bn Credit Guarantee Scheme. Other supports including mentoring and trading online vouchers are also available though the Local Enterprise Offices.
I have also recently announced a new scheme called the COVID Business Aid Scheme (CBAS) which is aimed at those businesses who fall outside the eligibility requirements for CRSS. This new scheme will ensure businesses will be able to access help in meeting some of their fixed costs while suffering significant falls in turnover due to public health restrictions.
These businesses are likely to include businesses within the hospitality sector if they do not qualify for CRSS, have a rateable premises and their turnover is significantly impacted.
CBAS will help businesses to remain open and maintain links with their customers. It will help ensure that they are well placed to benefit from the re-opening of the economy over the coming months and maintain choice for consumers.