Thursday, 19 November 2020
Covid-19 Pandemic Supports
There are a wide range of supports available to the individuals and businesses whose financial circumstances have been negatively impacted by Covid-19. The particular support depends on the institutional arrangements of the individual or organisation and whether it is a sole trader or an incorporated entity.
Detailed information on all supports is provided on gov.ieand a guide to business supports booklet giving details of the key supports and resources available to help businesses is available also. Businesses may qualify for the Covid restrictions support scheme, CRSS, which I launched earlier this month together with the Minister for Finance. It is a targeted support for businesses significantly impacted by the level 3 or higher restrictions introduced by Government. Qualifying businesses can apply to the Revenue Commissioners for a cash payment in respect of an advanced credit for trading expenses for the period of the restrictions. The scheme will operate until 31 March 2021.
In budget 2021 the Government announced the provision of a support of €50 million for the live entertainment sector after a period of engagement between it and officials from my Department. It is the first time this sector has received direct support and that tells us a lot about the impact of Covid-19. The 2021 supports for the live entertainment sector will be the subject of further consultation with stakeholders as a follow up to the €5 million pilot scheme and I have significantly increased funding to the Arts Council in 2021 from €80 million at the beginning of the year to €130 million in 2021. Since the onset of Covid-19, the Arts Council has extended its reach and in 2020 has provided grants to many individuals and organisations. On the exact proposal or recommendation with the live events and the supports needed in the task force, I am engaging with it already on the €50 million for the live entertainment sector to see how we can improve the €5 million pilot to reach out more and support more.