The Government previously introduced a €12bn package of supports for firms of all sizes, which includes the wage subsidy scheme, the pandemic unemployment payment for the self-employed, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs. Full details on all COVID-19 supports for business are available at: https://dbei.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/
On July 23rd the Government announced the July Jobs Stimulus, a €7.4bn package of measures designed to stimulate a jobs-led recovery and build economic confidence while continuing to manage the impact of Covid-19. Further details on the July Jobs Stimulus are available at: https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/23072020.html
Tables of uptake:
|
Scheme
|
Number of firms / applications
|
Number Processed to date
|
Number of successful applicants
|
Amount allocated
|
Amount Requested
|
|
Business Financial Planning
|
12
|
N/A
|
12
|
€58,395
|
N/A
|
|
Lean Business Continuity Voucher
|
5
|
N/A
|
5
|
€12,500
|
N/A
|
|
Sustaining Enterprise Fund
|
2
|
N/A
|
1
|
€800,000
|
N/A
|
|
Sustaining Enterprise Fund Small Enterprise
|
1
|
N/A
|
1
|
€50,000
|
N/A
|
|
Online Retail Scheme
|
9
|
N/A
|
4
|
€131,662
|
N/A
|
|
Restart Grant
|
1648
|
1621
|
1495
|
€5,974,280
|
€5,858,709
|
|
SBCI- COVID-19 WCS
|
N/A
|
75
|
21
|
€ 3,962,000
|
Not available
|
|
Microfinance Ireland COVID-19 Loan
|
42
|
Not available
|
31
|
€1,019,200
|
€1,394,200
|
|
E-merge
|
1
|
1
|
1
|
€2,800
|
€2,800
|
|
Emergency Business Solutions
|
1
|
1
|
1
|
€2,250
|
€2,250
|
|
Business Continuity Grant
|
1
|
1
|
1
|
€2,500
|
€2,500
|
|
Business Continuity Vouchers
|
395
|
395
|
339
|
€494,750 (approved amount)
|
Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500
|
|
Trading Online Vouchers
|
271
|
100*
|
171**
|
€390,112 (approved amount)
|
|
*Applications/clients currently being processed
**Processed and final approval communicated to clients
The Local Enterprise Office in Wexford submitted 30 Micro Finance applications and also provided Covid-19 related Mentoring Support to 108 participants and Training Support to 816 participants.
Later this year the Government will set out a National Economic Plan, to chart a long term, jobs-led recovery. It will set out how we secure our public finances in a world where we must live with Covid-19, while driving efforts to decarbonise our economy and prepare for the next phase of technological transformation.
