Thursday, 15 October 2020
Department of Trade, Enterprise and Employment
Covid-19 Pandemic Supports
74. To ask the Minister for Trade, Enterprise and Employment the additional supports provided by his Department to Dublin businesses since the city and county entered level 3 under the living with Covid-19 framework. [30597/20]
The Government made the decision that from midnight on the 6th of October, all remaining counties were to be placed on Level 3 for a period of 3 weeks until midnight on 27th October 2020, at which point we will again review the situation, based on the status of the virus and public health advice.
I understand that these restrictions will have a significant impact on businesses and employment around the country. In recognition of the impact of these restrictions on businesses a 30% top-up to the Restart Plus grant will be provided to help support those affected through the three-week period. Businesses who have previously benefited from the Restart Grant will be eligible to re-apply for this top-up.
This is in addition to the July Stimulus €7bn 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 to assist with restructuring as a result of the COVID-19 pandemic. Full details on all COVID-19 supports for business are available at:
I continue to work with my colleagues across Government to assist businesses impacted by COVID-19 to adapt to the changing business landscape. The package of supports announced by Government as part of Budget 2021 earlier this week is testament to our commitment to supporting vulnerable but viable businesses in all sectors of the economy. I continue to keep the supports provided for enterprise under review with the goal of setting our country towards economic recovery.
In addition, as part of Budget 2021, we announced the new COVID Restrictions Support Scheme (CRSS) to provide targeted support for businesses impacted by restrictions.
The scheme is designed to assist those businesses whose trade has been significantly impacted or temporarily closed as a result of the restrictions as set out in the Government’s ‘Living with COVID-19’ Plan. The scheme will generally operate when Level 3 or higher is in place and will cease when restrictions are lifted.
For eligible businesses, the Government will make a payment, based on their 2019 average weekly turnover, to provide support at a difficult time.
The scheme will apply to business premises where the Government restrictions directly prohibit or restrict access by customers. Qualifying businesses can apply to the Revenue Commissioners for a cash payment in respect of an advance credit for trading expenses for the period of the restrictions.
The scheme will be effective from 13thOctober until 31st March 2021, and the first payments will be made to affected businesses by mid-November.
Payments will be calculated on the basis of 10 per cent of the first €1 million in turnover and 5 per cent thereafter, based on average VAT exclusive turnover for 2019. It will be subject to a maximum weekly payment of €5,000.