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 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 Tables below set out the number of applications for supports received from businesses in County Donegal under the various schemes.
Tables of uptake: Donegal
|
Scheme
|
Number of firms / applications
|
Number Processed to date
|
Number of successful applicants
|
Amount allocated
|
Total Value sought
|
|
Business Financial Planning
|
13
|
N/A
|
12
|
€59,295
|
N/A
|
|
Lean Business Continuity Voucher
|
13
|
N/A
|
13
|
€32,500
|
N/A
|
|
Online Retail Scheme
|
19
|
N/A
|
8
|
€273,878
|
N/A
|
|
Restart Grant-
|
1618
|
1404
|
1317
|
€7,402,598
|
€5,364,152
|
|
Business Continuity Vouchers
|
678
|
671
|
573
|
€911,560
|
Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500
|
|
Trading Online Vouchers
|
261
|
56*
|
205**
|
€484,410
|
|
|
E-merge
|
7
|
7
|
5
|
€14,000
|
€14,000
|
|
Emergency Business Solutions
|
3
|
3
|
2
|
€4,500
|
€4,500
|
|
SBCI COVID-19 WCS
|
N/A
|
104
|
27
|
€1,596,000
|
Not available
|
|
Microfinance Ireland COVID-19 Loan
|
25
|
Not available
|
17
|
€359,000
|
Not available
|
*Applications currently being processed with clients
**Processed and final approval communicated to clients
The Local Enterprise Office in Donegal submitted 10 Micro Finance applications and also provided Covid-19 related Mentoring Support to 91 participants and Training Support to 1,621 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.
