The Department of Business, Enterprise and Innovation (DBEI) have put a range of supports in place, including:
The government has a directory of supports available to view here.
- A €200m Strategic Banking Corporation of Ireland (SBCI) Working Capital scheme for eligible businesses impacted by COVID-19. Loans of up to €1.5m will be available at reduced rates, with up to the first €500,000 unsecured. Applications can be made through the SBCI website
- Enterprise Ireland
- A €200m Package for Enterprise Supports including a Rescue and Restructuring Scheme available through Enterprise Ireland for vulnerable but viable firms that need to restructure or transform their business.
- Enterprise Ireland Online Retail Scheme – information available here.
- Sustaining Enterprise Fund for Small Enterprise, information available here.
- Local Enterprise Office
- 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 – (sole traders and firms with up to 9 employees) – are facing. Applications can be made through the MFI website or through your local LEO.
- Credit Guarantee Scheme
- The Credit Guarantee Scheme will be available to COVID-19 impacted firms through the Pillar Banks. Loans of up to €1m will be available at terms of up to 7 years.
- DEBI Supports
- You can read about the steps and supports for SMEs available from the DBEI here.
- The new €250m Restart Grant from DBEI provides direct grant aid to micro and small businesses to help with the costs associated with reopening and reemploying workers following COVID-19 closures. Find out about the Restart Grant Scheme here.
Financial support for staff
The government has created a National COVID-19 Income Support Scheme. This will provide financial support to Irish workers and companies affected by the crisis.
23/07/20: Revenue have released V17 of their FAQ document on the Temporary wage subsidy scheme, available here
This update includes:
- How to report an employee commencing or ceasing employment mid scheme
- Details on how to treat employees in receipt of other payments from the department of employment affairs and social protection (DEASP)
- Details on how to treat employees who were on leave and in receipt of DEASP payments in January/February
- Reasons why a refund was not processed, or the refund was lower than expected
- Process for returning money if the refund was overpaid
Workers who have lost their jobs due to the crisis will receive an enhanced emergency COVID-19 Pandemic Unemployment Payment
- COVID-19 illness paymentThis payment is for workers and the self-employed who cannot work in the short term because they have been medically certified to self-isolate or are ill due to COVID-19. The application process is the same as Illness Benefit and you will need to be medically certified by your GP. A Certificate of Incapacity for Work or an eCert equivalent is required from your GP. You may not need to attend your GP in person. Please refer to HSE guidelines. The personal rate of Illness Benefit will increase from €203 per week to €350 per week for a maximum of 2 weeks where medically-required to self-isolate or longer following a confirmed diagnosis of COVID-19.
Read in full HERE
You can also email or call our HR Support service Monday – Thursday 9.00 -5.30 and Friday 9.00 -5.00
Alliance for Insurance Reform have a special update with useful information for all dealing with insurance in the COVID-19 environment.
The government has announced there will be a payment holiday for energy in shuttered non-essential SMEs. Read in full here
Employer Refund Scheme update on top-ups
There has been an update to the Employer Refund Scheme, allowing employers engaged with the scheme to top up the payment provided by the State. Find out more here:
Support for businesses impacted by COVID 19 through commercial rates deferral. Read here
Minister for Employment Affairs and Social Protection, Regina Doherty today announced details of how the government would refund employers who temporarily laid off their employees but are continuing to pay them €203 per week during the current COVID-19 (Coronavirus) situation.
Under the arrangement developed with Revenue, employers who have to temporarily lay-off staff and who are not in a position to make any wage payment to them, are asked to keep their employees on the payroll and pay them an amount of €203 – the equivalent of the COVID-19 Support Payment. When they submit payroll returns to Revenue via their payroll provider, Revenue will refund the employer the €203. Read about it here
Business Supports from DEBI
Minister Humphreys announces supports for businesses impacted by COVID-19 on Wednesday 11th March 2020 read about it here.