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Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Government has introduced a €12bn package of supports for firms of all sizes, which includes the wage subsidy scheme, the pandemic unemployment payment for the self-employed, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs. Full details on all COVID19 supports for business are available at:...

Written Answers — Department of Jobs, Enterprise and Innovation: Irish Naturalisation and Immigration Service (7 Jul 2020)

Leo Varadkar: Under the Registration of Business Names Act, 1963, an application for registration must be submitted to the CRO within one month of the date of adoption of the business name. The CRO requires that applicants who are not EEA or Swiss nationals must provide a copy of their current Irish Residency Permit. In light of the disruption caused by the Covid-19 pandemic, the immigration service...

Written Answers — Department of Jobs, Enterprise and Innovation: EU Directives (7 Jul 2020)

Leo Varadkar: The European Commission published a proposal in 2018 for a Directive on representative actions for the protection of the collective interests of consumers and for the repeal of the Injunctions Directive 2009/22/EC. The purpose of the Directive is to contribute to the proper functioning of the internal market by achieving a high level of consumer protection through the approximation of the...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: I have set out in the following table the total number of applications received and which have been paid and the value of same per Local Authority under the Restart Grant scheme as of 6 July 2020. A further €17,844,688 of grant funding has been approved as of this date and will be paid shortly. Local Authority NUMBER APPLICATIONS PAID VALUE APPLICATIONS...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Restart Grant is just one part of a wider assistance package for business and for firms of all sizes, which includes the wage subsidy scheme, the pandemic unemployment payment for the self-employed, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs.Within the funding available, the priority has been...

Written Answers — Department of Jobs, Enterprise and Innovation: Ministerial Responsibilities (7 Jul 2020)

Leo Varadkar: Yes. These briefing papers will be published on the Department's website in coming weeks.

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: As of 6 July 2020, a total sum of €71,019,277 in grants has been disbursed to businesses under the Restart Grant scheme since its inception in May 2020. A further sum of €17,844,688 is due to be paid in respect of applications which have recently been approved. The additional information which the Deputy is seeking in terms of the amounts per thousand disbursed to businesses...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Government has introduced a €12bn package of supports for firms of all sizes, which includes the wage subsidy scheme, the pandemic unemployment payment for the self-employed, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs. Full details on all COVID19 supports for business are available at:...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Government has introduced a €12bn package of supports for firms of all sizes, which includes the temporary wage subsidy scheme, the pandemic unemployment payment for the self-employed, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs. Full details on all COVID19 supports for business are...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The new €2 billion COVID-19 Credit Guarantee Scheme which was announced on 2 May 2020, forms a major component of the Government’s strategy to aid SMEs in these difficult times by providing critical support to ensure businesses are facilitated in having access to credit facilities to assist a return to a more regular trading environment. It will provide an 80% guarantee on...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Credit Guarantee Scheme was implemented under the Credit Guarantee Act 2012, which came into effect on 30th August 2012, with secondary legislation setting out the operational detail of the Scheme. The Credit Guarantee Scheme is available to Covid-19 impacted businesses, it supports loans up to €1 million for periods of up to 7 years. The Scheme offers a partial Government...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Covid-19 Working Capital Scheme is offered in cooperation with the Department of Agriculture, Food and the Marine, and is supported by the InnovFin SME Guarantee facility. The scheme is operated by the SBCI through participating finance providers. It currently makes available a fund of up to €200 million to eligible businesses that have been negatively affected by impacts...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Covid-19 Loan, available from Microfinance Ireland (MFI), was introduced as a support to microenterprises to help them access funding arising from the Covid-19 crisis. These loans are available for eligible microenterprises responding to Covid-19-related difficulties, the negative impact of which must be a minimum of 15% of actual or projected income or profit. Loans up to €50,000...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The new €2 billion COVID-19 Credit Guarantee Scheme forms a major component of the Government’s strategy to aid SMEs in these difficult times by providing critical support to ensure businesses are facilitated in having access to credit facilities to assist a return to a more regular trading environment. It will provide an 80% guarantee on lending to SMEs until the end of...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Credit Guarantee Scheme was implemented under the Credit Guarantee Act 2012, which came into effect on 30th August 2012, with secondary legislation setting out the operational detail of the Scheme. The Credit Guarantee Scheme is available to Covid-19 impacted businesses. It supports loans up to €1 million for periods of up to 7 years. The Scheme offers a partial Government...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Covid-19 Working Capital Scheme makes available a fund of up to €200 million to eligible businesses that have been negatively affected by impacts arising from the outbreak of Covid-19 to enable those businesses to innovate, change or adapt in response to the current business environment. Work is under way on a significant expansion to the scheme and this will be brought to the...

Written Answers — Department of Jobs, Enterprise and Innovation: Covid-19 Pandemic Supports (7 Jul 2020)

Leo Varadkar: The Covid-19 Loan, available from Microfinance Ireland (MFI), was introduced as a support to microenterprises to help them access funding arising from the Covid-19 crisis. These loans are available for eligible microenterprises responding to Covid-19-related difficulties, the negative impact of which must be a minimum of 15% of actual or projected income or profit. Loans up to €50,000...

Ceisteanna ó Cheannairí - Leaders' Questions (9 Jul 2020)

Leo Varadkar: I thank the Deputy for raising this important matter and his ongoing interest and work on behalf of consumers and bank customers. As the Deputy and the rest of the House are aware, banks are offering mortgage holders and businesses loan breaks of between three and six months. This is very welcome as it gives people breathing space if they are struggling to pay their mortgage or business...

Ceisteanna ó Cheannairí - Leaders' Questions (9 Jul 2020)

Leo Varadkar: I thank the Deputy. We have had a look at what has been done in other countries around Europe and the way the Deputy has presented it in interviews and so on does not tell the full story. Different countries are doing different things but it is broadly in line with what is happening in Ireland. There are some hardship cases, for example, in Belgium where they are treating it differently...

Ceisteanna ó Cheannairí - Leaders' Questions (9 Jul 2020)

Leo Varadkar: The fundamental point for me, and for customers and people who have availed of a payment break, is whether the banks will make any extra money out of this. If somehow they make extra money out of it by making some sort of Covid premium or Covid bonus for the banks, that is not acceptable and we will deal with that but that is what has to be worked out because that is what matters. It...

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