The Government previously introduced a 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 among 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 received from businesses in County Cavan/Monaghan under the various schemes.
Tables of uptake Cavan:
Scheme
|
Number of firms / applications
|
Number Processed to date
|
Number of successful applicants
|
Amount allocated
|
Amount Requested
|
Sustaining Enterprise Fund Large
|
1
|
N/A
|
0
|
0
|
N/A
|
COVID-19 Business Financial Planning Grant
|
10
|
N/A
|
10
|
€49,775
|
N/A
|
Lean Business Continuity Support
|
8
|
N/A
|
8
|
€20,000
|
N/A
|
COVID-19 Online Retail Scheme
|
3
|
N/A
|
3
|
€104,661
|
N/A
|
Restart Grant
|
826
|
578
|
513
|
€3,251,425
|
€2,381,724
|
SBCI - COVID-19 WCS
|
N/A
|
33
|
5
|
€ 450,000
|
Not available
|
Microfinance Ireland COVID -19 Loan
|
16
|
Not available
|
11
|
€285,000
|
Not available
|
E-merge
|
6
|
6
|
4
|
€11,200
|
€11,200
|
Emergency Business Solutions
|
1
|
1
|
1
|
€2,250
|
€2,250
|
Business Continuity Vouchers
|
368
|
368
|
342
|
€545,000
|
Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500
|
Trading Online Vouchers
|
114
|
31*
|
83**
|
€119,322
|
|
*Applications/clients currently being processed
**Processed and final approval communicated to clients
The Local Enterprise Office in Cavan submitted 7 Micro Finance applications and also provided Covid-19 related Mentoring Support to 55 participants and Training Support to 495 participants.
Tables of uptake Monaghan:
Scheme
|
Number of firms / applications
|
Number Processed to date
|
Number of successful applicants
|
Amount allocated
|
Amount Requested
|
COVID-19 Business Financial Planning Grant
|
10
|
N/A
|
10
|
€49,400
|
N/A
|
Lean Business Continuity Support
|
9
|
N/A
|
9
|
€22,500
|
N/A
|
COVID-19 Online Retail Scheme
|
7
|
N/A
|
3
|
€111,639
|
N/A
|
Restart Grant
|
777
|
747
|
703
|
€3,251,425
|
€2,429,384
|
SBCI - COVID-19 WCS
|
N/A
|
38
|
3
|
€190,000
|
Not available
|
Microfinance Ireland COVID-19 Loan
|
14
|
Not available
|
10
|
€309,000
|
Not available
|
E-merge
|
4
|
4
|
2
|
€5,600
|
€5,600
|
Emergency Business Solutions
|
5
|
5
|
4
|
€9,000
|
€9,000
|
Business Continuity Vouchers
|
226
|
223
|
223
|
€364,780
|
Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500
|
Trading Online Vouchers
|
84
|
26*
|
58**
|
€137,772
|
|
*Applications/clients currently being processed
**Processed and final approval communicated to clients
The Local Enterprise Office in Monaghan submitted 6 Micro Finance applications and also provided Covid-35 related Mentoring Support to 35 participants and Training Support to 648 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.