Oireachtas Joint and Select Committees
Wednesday, 21 October 2020
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Budget 2021 Support Measures for Enterprise: Department of Enterprise, Trade and Employment
Róisín Garvey (Green Party) | Oireachtas source
We know that under the wage subsidy scheme, there are two ways for a small business to get a wage subsidy for its staff, as long as turnover is not more than 30% of what it would normally be in a year. If turnover goes above 30% at present, the business will lose the wage subsidy for its staff. Is there a second tier? What I have gathered, from looking at the supports available, is that if one has a business and loses 70% of what one would normally be taking in, a staff wage subsidy is available, but if turnover goes above 30% of what is it normally, some of that subsidy will be lost. Therefore, I am wondering whether there is an incremental way of dealing with it, so as to not discourage businesses from going over the 30% threshold? Is Mr. Hughes aware of such an approach?
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