Dáil debates

Tuesday, 28 July 2020

An tOrd Gnó - Order of Business

 

2:55 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

Let me finish. The restart grant is now up to €25,000 and is also available for those businesses. The rates relief is now fully expanded, is of six months duration, and is also an available support, as is the facility to offset any loss this year, in tax terms, against profits of last year. All of that, added up, will help. There is also a facility to refinance, for lower interest and longer terms, through the credit guarantee scheme. Critically, in the job stimulus programme a €10 million fund has been put aside specifically for this sector. The Minister with responsibility for transport will design a specific scheme to support the coach operators from hereon in. If one takes all of the existing supports together with the additional ones that were announced in the July stimulus package, which are significant, they represent a significant lifeline to companies to stay intact and operating. In addition to all of that ,there is the €10 million scheme, which will be available through the Department of Transport, Tourism and Sport and we will talk to the Minister to ensure that he engages with the industry.

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