Written answers

Wednesday, 4 November 2020

Department of Trade, Enterprise and Employment

Covid-19 Pandemic Supports

Photo of Brendan GriffinBrendan Griffin (Kerry, Fine Gael)
Link to this: Individually | In context | Oireachtas source

17. To ask the Minister for Trade, Enterprise and Employment if the restart grant or additional business supports can be extended to a business (details supplied) in County Kerry; and if he will make a statement on the matter. [33964/20]

Photo of Brendan GriffinBrendan Griffin (Kerry, Fine Gael)
Link to this: Individually | In context | Oireachtas source

18. To ask the Minister for Trade, Enterprise and Employment his views on a matter (details supplied) regarding Budget 2021 for food suppliers to businesses; and if he will make a statement on the matter. [34012/20]

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am keenly aware that businesses are making a massive sacrifice to protect their communities and I am committed to ensuring that the Government will offer as much assistance and support as possible.

Budget 2021 provides a significant package of tax and expenditure measures to build the resilience of the economy and to help vulnerable but viable businesses across all sectors. The measures in the Budget are in addition to those announced in the July Stimulus, including the Employment Wage Subsidy Scheme (EWSS), cash for businesses, low cost loans, commercial rates waivers and deferred tax liabilities. Details of the wide range of COVID-19 schemes are available on my Department’s website at .

As a result of the fact that businesses have to close, we are making changes to the Pandemic Unemployment Payment (PUP) and the EWSS. The new payment structure for the PUP includes the increase in the top rate to €350 for those who were earning in excess of €400 per week. This change to payment rates will apply in respect of all existing and new applicants. The EWSS is also being amended to align with the amendment to PUP, with the top payment increasing to €350 for those earning over €400.

As part of Budget 2021, a new COVID Restrictions Support Scheme (CRSS), became operational from 13thOctober through Revenue and offers a targeted, timely and temporary sector-specific support to businesses forced to close or trade at significantly reduced levels due to COVID of up to €5,000 per week.

We are providing more and cheaper loan finance through MicroFinance Ireland, SBCI and the new €2bn Credit Guarantee Scheme

We have also announced a six-month reduction in the VAT, going down from 23% to 21%, a reduction in the 13.5% VAT rate to 9%.

Comments

No comments

Log in or join to post a public comment.