Dublin, Ireland – The Irish government has announced new measures to help support businesses affected by the COVID-19 pandemic. The new package includes a €200m Strategic Banking Corporation of Ireland (SBCI) COVID-19 Working Capital Scheme, which will provide loans of up to €1.5m to businesses with less than 500 employees. The government has also pledged to subsidize the interest on these loans for the first six months.
In addition, the government has introduced a €180m package of liquidity measures, which includes a €45m tourism fund to support businesses in the tourism sector. The package also includes a €10m fund for small businesses in the seafood sector, and a €5m fund for food businesses. The government has also announced a €2,500 grant for businesses that have been forced to close due to COVID-19 restrictions.
These measures have been welcomed by business leaders in Ireland, who have been calling for more support from the government. The Irish Small and Medium Enterprises Association (ISME) has said that the package is a “positive step” and will help to “alleviate some of the financial pressures facing businesses.”
However, some business owners have expressed concerns that the measures may not be enough to save their businesses. The Irish Hotels Federation has warned that many hotels and guesthouses may not survive the winter without further support from the government. The Federation has called for an extension of the wage subsidy scheme and a reduction in VAT rates for the tourism and hospitality sectors.
The Irish government has also announced new restrictions to help curb the spread of COVID-19. From midnight on October 21st, all non-essential retail businesses will be closed, and restaurants and pubs will only be allowed to provide takeaway and delivery services. These measures will be in place for six weeks.
The new restrictions have been met with mixed reactions from the public. Some people have criticized the government for not doing enough to control the spread of the virus earlier, while others have expressed concern about the impact that the restrictions will have on businesses and the economy.
The Irish Taoiseach, Micheál Martin, has acknowledged that the new restrictions will be “difficult” for businesses, but has said that they are necessary to protect public health. Martin has also pledged to provide additional support for businesses affected by the restrictions.
Overall, the Irish government’s new measures to support businesses and control the spread of COVID-19 have been met with a mixture of praise and criticism. While many business leaders have welcomed the support, some are concerned that it may not be enough to save their businesses. The new restrictions have also been met with mixed reactions, with some people criticizing the government for not acting sooner, and others expressing concern about the impact on businesses and the economy.