Dáil Éireann Debate, Thursday - 30 July 2020
110. Deputy Pauline Tully asked the Tánaiste and Minister for Business, Enterprise and Innovation the number of applications for supports under the various schemes for businesses impacted by Covid-19 received from businesses in counties Cavan and Monaghan; the number processed to date; the number that have been successful; the amount allocated to these businesses; the amount sought; and if he will make a statement on the matter. [20193/20]
View answerThe Government previously introduced a 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 among SMEs. Full details on all COVID-19 supports for business are available at: https://dbei.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/
On July 23rd the Government announced the July Jobs Stimulus, a €7.4bn package of measures designed to stimulate a jobs-led recovery and build economic confidence while continuing to manage the impact of Covid-19. Further details on the July Jobs Stimulus are available at: https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/23072020.html
The Table below sets out the number of applications for supports received from businesses in County Cavan/Monaghan under the various schemes.
Tables of uptake Cavan:
|
Scheme |
Number of firms / applications |
Number Processed to date |
Number of successful applicants |
Amount allocated |
Amount Requested |
|
Sustaining Enterprise Fund Large |
1 |
N/A |
0 |
0 |
N/A |
|
COVID-19 Business Financial Planning Grant |
10 |
N/A |
10 |
€49,775 |
N/A |
|
Lean Business Continuity Support |
8 |
N/A |
8 |
€20,000 |
N/A |
|
COVID-19 Online Retail Scheme |
3 |
N/A |
3 |
€104,661 |
N/A |
|
Restart Grant |
826 |
578 |
513 |
€3,251,425 |
€2,381,724 |
|
SBCI - COVID-19 WCS |
N/A |
33 |
5 |
€ 450,000 |
Not available |
|
Microfinance Ireland COVID -19 Loan |
16 |
Not available |
11 |
€285,000 |
Not available |
|
E-merge |
6 |
6 |
4 |
€11,200 |
€11,200 |
|
Emergency Business Solutions |
1 |
1 |
1 |
€2,250 |
€2,250 |
|
Business Continuity Vouchers |
368 |
368 |
342 |
€545,000 |
Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500 |
|
Trading Online Vouchers |
114 |
31* |
83** |
€119,322 |
|
*Applications/clients currently being processed
**Processed and final approval communicated to clients
The Local Enterprise Office in Cavan submitted 7 Micro Finance applications and also provided Covid-19 related Mentoring Support to 55 participants and Training Support to 495 participants.
Tables of uptake Monaghan:
|
Scheme |
Number of firms / applications |
Number Processed to date |
Number of successful applicants |
Amount allocated |
Amount Requested |
|
COVID-19 Business Financial Planning Grant |
10 |
N/A |
10 |
€49,400 |
N/A |
|
Lean Business Continuity Support |
9 |
N/A |
9 |
€22,500 |
N/A |
|
COVID-19 Online Retail Scheme |
7 |
N/A |
3 |
€111,639 |
N/A |
|
Restart Grant |
777 |
747 |
703 |
€3,251,425 |
€2,429,384 |
|
SBCI - COVID-19 WCS |
N/A |
38 |
3 |
€190,000 |
Not available |
|
Microfinance Ireland COVID-19 Loan |
14 |
Not available |
10 |
€309,000 |
Not available |
|
E-merge |
4 |
4 |
2 |
€5,600 |
€5,600 |
|
Emergency Business Solutions |
5 |
5 |
4 |
€9,000 |
€9,000 |
|
Business Continuity Vouchers |
226 |
223 |
223 |
€364,780 |
Clients applied for a BCV and applications were assessed and approved up to a max. amount of €2,500 |
|
Trading Online Vouchers |
84 |
26* |
58** |
€137,772 |
|
*Applications/clients currently being processed
**Processed and final approval communicated to clients
The Local Enterprise Office in Monaghan submitted 6 Micro Finance applications and also provided Covid-35 related Mentoring Support to 35 participants and Training Support to 648 participants.
Later this year the Government will set out a National Economic Plan, to chart a long term, jobs-led recovery. It will set out how we secure our public finances in a world where we must live with Covid-19, while driving efforts to decarbonise our economy and prepare for the next phase of technological transformation.
