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Covid-19 Pandemic Supports

Dáil Éireann Debate, Wednesday - 29 July 2020

Wednesday, 29 July 2020

Ceisteanna (106)

Thomas Gould

Ceist:

106. Deputy Thomas Gould asked the Tánaiste and Minister for Business, Enterprise and Innovation the number of applications for supports under the various schemes for businesses impacted by Covid-19 that have been received from businesses in north central areas of County Cork; the number processed to date; the number that have been successful; the amount allocated to these businesses; the total value that was sought; and if he will make a statement on the matter. [19492/20]

Amharc ar fhreagra

Freagraí scríofa

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

The Table below sets out the number of applications for supports under the various schemes for businesses impacted by Covid-19 received from businesses in County Cork.

Tables of uptake County Cork:

Scheme

Number of firms / applications

Number   Processed to date

Number   of successful applicants

Amount   Allocated

Total   Value sought

Sustaining   Enterprise Fund

7 applications received

N/A

2 approvals

€350,000

N/A

COVID-19 Business Financial Planning Grant

67 applications received

N/A

65 approvals

€318,129

N/A

Lean Business Continuity Support

32 applications received

N/A

31 approvals

€77,500

N/A

COVID-19 Online Retail Scheme

45 applications received

N/A

25 approvals

€849,990

N/A

Restart Grant - Cork City Council

2751

2476

1796

€12,014,139

€10,292,355

Restart Grant - Cork County Council

3129

2449

2153

€15,885,944

€9,842,457

SBCI- COVID-19 WCS

N/A

391

116 (loans currently sanctioned)

€ 12,379,000

Not available

Microfinance Ireland COVID-19 Loan

89

Figure not available

56

€1,132,000

Not available

E-merge

13

9

5

€14,000

€14,000

Emergency   Business Solutions

9

9

7

€15,750

€15,750

Business Continuity Grant

14  

14

14

€2,500 per project

€35,000

Business Continuity Voucher – Cork North West

426

426

322

688,000

*

Trading Online Vouchers – Cork North West

229

23**

206***

481,342

 

Business Continuity Voucher – Cork South

336

336

320

736,000

*

Trading Online Vouchers – Cork South

418

284**

134***

335,000

 

Business Continuity Voucher – Cork City

725

689

665

1,604,000

*

Trading   Online Vouchers – Cork City

343

115**

228***

563,460

 

 

* Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500

**Applications currently being processed with clients

***Processed and final approval communicated to clients

Cork North Central encompass areas of the three Cork LEOs and the tables above provides details of supports by the three LEOs.

Please note it is only possible to provide data by County only.  Enterprise Ireland do not breakdown their applications/approvals into North County Cork.

MFI applications per LEO are as follows:

LEO Cork City

5

LEO Cork N/W

8

LEO Cork Sth

8

 

The LEOs also provided Covid related mentoring and training as per detail below:

LEO

Mentoring   Participants

Training   Participants

Cork City

149

1,117

Cork N/W

94

902

Cork South

280

996

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.

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