Jack Quann
Jack Quann

09.22 2 May 2020


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The Government is to outline further measures to support businesses impacted by COVID-19.

The Ministers for Finance, Business and Housing - Paschal Donohoe, Heather Humphreys and Eoghan Murphy - are to give further details on Saturday.

It follows on from the publication by the Government of the roadmap for easing restrictions and re-opening the economy.

Chambers Ireland chief executive Ian Talbot said: "The past several weeks have been tremendously challenging for communities, so indications that some restrictions will be eased in the coming days will be warmly received."

"Chambers Ireland reiterates its call for liquidity funds and grant aid for business to cover overheads such as rent, utilities and working capital.

"We also call on Government to provide clarity on supports for business and local government regarding commercial rates.

"The deferral announced in March was found to be insufficient by three-quarters of business who responded to our earlier survey published on May 9th.

"If action on commercial rates is to have any meaningful impact, they will need to be waived for impacted businesses for at least six months, if not a full year."

He added: "Without additional aid to support working capital, liquidity and cash flow, the chance of businesses successfully re-opening and maintaining employment is significantly reduced. We await Government clarity on these matters over the weekend."

Earlier this week, Minister Donohoe told Newstalk that COVID-19 payments and wage subsidy schemes could not continue indefinitely.

He said: "We cannot sustain this indefinitely - these are interventions that are costing between €200m and €400m per week.

"And what I will do now in the coming weeks... is will explain the future of a scheme like that.

"The two principles I have is number one: we cannot sustain this indefinitely - but I also know turning it off abruptly will undo much of the good work that we've put in place.

"And then secondly, to try and change it in a way that ties in with income and jobs recovering in our country".

Main image: Pictured (LtoR) Minister for Jobs, Enterprise and Innovation Heather Humphries and Minister for Public Expenditure and Reform and Finance Paschal Donohoe speaking to the media in Government Buildings. Photo by: Sam Boal/Rollingnews.ie

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Businesses Chambers Ireland Coronavirus Covid-19 Covid-19 Payment Economy Eoghan Murphy Heather Humphreys Ian Talbot Paschal Donohoe Roadmap Wage Subsidy Scheme

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