Thursday, 18 February 2021
Covid-19 (Enterprise, Trade and Employment): Statements
Leo Varadkar (Dublin West, Fine Gael)
I have to give the Deputy that one.
The CRSS is working very well and I get very good feedback from businesses about it. It is helping them with their fixed costs. It is not the only scheme out there and there is a tourism continuity scheme for businesses that were not included. There is also a transport scheme and the new CBAS, which was only announced the other day. We should bear in mind the employment wage subsidy scheme, which helps with payroll, and the other schemes, including the CRSS, the CBAS and the tourism continuity scheme that are to help with fixed costs.
We are open to new schemes to help sectors that have been left out. I stated when launching the CBAS that it would not be the final scheme. I want to see more real-life examples of companies that are down 75% in turnover and have fixed costs that they cannot avoid. I am not getting many of these but I want them. When we look into the detail of many cases, the issue is lost income or profits and not fixed costs. We would like to see more real-world examples of companies down 75% or more in turnover and have substantial fixed costs that they would like help with. This is instead of compensation for lost income or profits, which is very different.