Covid-19 Other Supports from Government
Other Covid-19 Supports from Government include a number of Employee Supports:
Is available from the Department of Employment Affairs and Social
Protection and is an income support payment for employees who
have been temporarily placed on a shorter working week and is
intended to help employers during periods of temporary difficulty.
Revenue will operate a Temporary Wage Subsidy Scheme of up to 85% of take home pay, up to a maximum weekly of €410 per week.
The scheme, enables employees, whose employers are affected by the pandemic, to receive supports directly from their employer through the payroll system.
The Covid-19 Pandemic Unemployment Payment is a payment of €350 per week. It is available to employees and the self-employed who have lost their job on (or after) March 13 due to the Covid-19 (Coronavirus) pandemic.
The Covid-19 Pandemic Unemployment Payment will be in place for the duration of the crisis.
The maximum loan available from Microfinance Ireland will be
increased from €25,000 to €50,000 as an immediate measure
to specifically deal with exceptional circumstances that micro-enterprises are facing.
Under the Government’s National Digital Strategy, the expanded Trading
Online Voucher Scheme helps small businesses with up to 10 employees to trade more online, boost sales and reach new markets.
There is up to €2,500 available through the Local Enterprise Offices, with co-funding of 10% from the business. Training and further business supports are also provided and businesses that have already received a voucher can now apply for a second one, where upgrades are required.
Is a government-supported product from the banks for small and
medium businesses who have difficulty borrowing from their bank.
Businesses can apply for loans of up to €1 million at AIB, Bank of
Ireland or Ulster Bank. Loans can be for terms of up to 7 years.
The scheme provides an 80% guarantee to participating banks
which are AIB, Bank of Ireland and Ulster Bank.
Available from the Strategic Banking Corporation of Ireland.
The SBCI has several financial supports available to eligible SMEs
and small midcaps (up to 499 employees) and are provided through
the financial institutions AIB, Bank of Ireland and Ulster Bank. These
supports include the €450m Covid-19 Working Capital Loan and €200m
Future Growth Loan Schemes. The loans can be used for working capital
or medium term funding requirements, to fund innovation or to change/
adapt the business to mitigate the impact of Covid-19.
One of the initiatives for supply chain logistics, developed by the National Logistics Forum and set up by the Department of Transport, is a database of providers who have spare capacity to provide services, from consultancy to warehousing. You can view the database at this link.
If a company wants to be part of this database they can fill in this form.
Additional Supports for Businesses include: