Written answers

Tuesday, 14 July 2020

Department of Jobs, Enterprise and Innovation

Covid-19 Pandemic Supports

Photo of Claire KerraneClaire Kerrane (Roscommon-Galway, Sinn Fein)
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68. To ask the Minister for Jobs, Enterprise and Innovation if the restart grant will be extended to sole traders who do not pay local authority rates in view of the fact that they could not and did not trade due to the effect of the Covid-19 crisis on their business; and if he will make a statement on the matter. [14736/20]

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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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 to assist those who have suffered most, including closure of the business, but whom will still have incurred ongoing costs.

All COVID-19 Business Schemes are under constant review in terms of the evolving situation and will be adapted as circumstances dictate, including adaptations to the phased opening of our economy. In that regard, I can assure the Deputy that I will continue to work with my colleagues across Government and all stakeholders to examine how best to further assist businesses impacted by Covid-19 as part of the forthcoming Jobs Recovery Plan.

Full details on all COVID19 measures for business are available at:

My former colleague, the then Minister for Employment Affairs and Social Protection, Regina Doherty announced on 25 June that the Department’s Enterprise Support Grant will be made available to assist self-employed recipients who are exiting the Pandemic Unemployment Payment (PUP) scheme with a once-off grant of up to €1,000 to re-start their business. The grant will be payable to self-employed micro enterprises which employ fewer than 10 people, have an annual turnover of less than €1 million and are not eligible for support from the COVID19 Business Restart Grant or other similar business reopening grants.

Currently, any business (Sole Trader, Partnership or Limited Company) with less than 10 full time employees and annual turnover of up to €2m may apply to Microfinance Ireland for funding from €5,000 – €50,000 where the business is not in a position to avail of finance from Banks and other commercial lending providers. The loan incurs 0% interest for the first six months and Zero repayments. Thereafter a reduced interest rate of 4.5% APR applies to loans applied for through the Local Enterprise Office.

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