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.