Update on Covid-19 Supports

An additional €51 million has been announced to help companies in their recovery from the impact of COVID-19 and to accelerate the digitalisation of enterprises in 2021. The new funding package will also provide liquidity, in the form of grants, capital investment, equity and loan notes to manufacturing and internationally traded services companies which have been negatively impacted by COVID-19 to support productivity improvements and enhance capacity building.

  • €20 million will be available through the existing Sustaining Enterprise Fund.
  • €31 million will be provided through a new Accelerated Recovery Fund which provides liquidity to companies to support significant necessary investment in capital and digital capability for productivity improvements
  • €9,000 Digitalisation Vouchers are also being included in the package to provide strategic intervention for any eligible company wishing to develop a digital adaption plan based on their identified need.

More information, including eligibility criteria, is available here.

Meanwhile, Revenue has issued a reminder to businesses of the key COVID supports that are currently available. These include CRSS, EWSS and the Debt Warehousing Scheme.