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.
As part of the July Jobs stimulus, the Employment Wage Support Scheme will succeed the Temporary Wage Subsidy Scheme, and run until April 2021. Employers whose turnover has fallen 30% will receive a flat-rate subsidy of up to €203 per week per employee, including for seasonal staff and new employees. New firms operating in impacted sectors will also be eligible.
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.
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.
A €2b Covid-19 Credit Guarantee Scheme is being introduced, This 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. The scheme provides an 80% guarantee to participating banks. For further information visit sbci.gov.ie
* This scheme is not suitable for clients of Enterprise Ireland, IDA or Údarás na Gaeltachta. This is a restricted scheme with ordinarily one voucher available per business
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 or be added to it by filling in this form.
Additional Supports for Businesses include: