COVID-19 business supports

Introduction

Business owners can avail of a number of supports during COVID-19.

This page summarises the financial support schemes, rates waivers and tax measures to help if:

  • Your business is unable to operate
  • You have reduced revenue
  • You need financial support to help your business operate safely during COVID-19

You can also get advice from your accountant or use the advisory support from your Local Enterprise Office (LEO). Check if your insurance policy covers you for an interruption of your business, or a temporary business closure, caused by COVID-19.

The Government supports and guidance continue to develop as the COVID-19 situation changes. You can get up to date information from the Department of Enterprise, Trade and Employment.

Economic Recovery Plan

The Government's Economic Recovery Plan for Ireland supports the resumption of economic activity and gets people back to work as Ireland opens up and recovers from COVID-19. The additional measures to support businesses are:

  • An extension of the EWSS and CRSS schemes until 31 December 2021. The EWSS has been further extended to 30 April 2022 in Budget 2022.
  • A new Business Resumption Support Scheme was introduced in September 2021
  • The commercial rates waiver was extended to 30 September 2021. It has been further extended until the end of 2021 in Budget 2022.
  • The tax debt warehousing scheme will be extended until 31 December 2021
  • An extension of the reduction in VAT rate of 9% for the hospitality and tourism sector was introduced. This has been further extended until the end of August 2022 in Budget 2022.
  • A new COVID-19 Deferred Payment arrangement to support additional statutory redundancy costs

Find more details on these measures below.

Financial supports

The following financial supports are available to businesses and employees affected by the COVID-19 pandemic.

Employment Wage Subsidy Scheme

Under the Employment Wage Subsidy Scheme (EWSS), you can get a flat-rate subsidy per employee, if your turnover has fallen by 30%. The EWSS has been extended until 30 April 2022.

COVID Restrictions Support Scheme

The COVID Restrictions Support Scheme (CRSS) gives qualifying businesses a cash payment of up to €5,000 a week. The scheme applies when Level 3 or higher restrictions are in place. The CRSS has been extended until 31 December 2021.

You can apply to Revenue if your business premises are either closed to customers or substantially restricted in operating due to COVID-19 restrictions.

Businesses can claim an enhanced restart payment for 3 weeks (up to a maximum of €10,000 per week) to help you with the costs of reopening as you exit the scheme.

Business Resumption Support Scheme

A new Business Resumption Support Scheme (BRSS) will support vulnerable but viable business. The BRSS is a single payment based on a percentage of your average weekly turnover for 2019, up to a maximum payment of €15,000.

You will be eligible if your turnover is reduced by 75% in the reference period (1 September 2020 to 31 August 2021) compared with 2019.

The BRSS will be administered by Revenue and will operate in a similar way to CRSS. You can apply to Revenue between 1 September 2021 and 30 November 2021. Revenue has detailed guidelines on the operation of the BRSS (pdf).

COVID-19 Deferred Payment arrangement

A new COVID-19 Deferred Payment arrangement was announced under the Economic Recovery Plan for Ireland.

Businesses with verified financial difficulties caused by the COVID-19 emergency measures will get support as they deal with potential additional statutory redundancy costs.

Loans, grants and vouchers

A range of other supports for businesses affected by COVID-19 are available.

COVID-19 Credit Guarantee Scheme

The COVID-19 Credit Guarantee Scheme provides loans from €10,000 and €1 million for terms up to five and a half years. The size of the loan is linked to business turnover (25% of 2019 turnover) or wage costs (double annual wage bill in 2019).

The Scheme is operated by the Strategic Banking Corporation of Ireland (SBCI) through participating lenders.

Extra funding will be provided to the scheme as part of measures announced in Budget 2022.

COVID-19 Business Loans

COVID-19 Business Loans up to €25,000 are available through Microfinance Ireland (MFI). There are no repayments for the first 6 months and the equivalent 12 months interest-free subject to certain terms and conditions. The loan terms are typically up to 3 years and there are no fees or charges.

The loan is open to sole traders, partnerships and limited companies with fewer than 10 full-time employees and annual turnover of up to €2 million. You can apply through the MFI website or through your Local Enterprise Office.

Trading Online Voucher Scheme

A Trading Online Voucher Scheme worth up to €2,500 is available through to help small and microenterprises get online. A second voucher of up to €2,500 is also available. Contact your Local Enterprise Office for more information and application details.

Digitalisation Voucher

Companies in the manufacturing and internationally traded service sectors can apply for the Digitalisation Voucher up to a value of €9,000.

Eligible businesses can use the voucher to get technical or advisory services from an approved provider, in order to adopt digital tools and techniques across the business.

Check the eligibility criteria for the Digitalisation Voucher and how to apply on the Enterprise Ireland website.

Enterprise Support Grant

If you were getting the COVID-19 Pandemic Unemployment Payment (PUP), Jobseeker’s Benefit or Jobseeker’s Allowance and are reopening your business, you may qualify for the Enterprise Support Grant.

The grant, worth up to €1000, is aimed at sole traders who do not pay commercial rates and, therefore, do not qualify for the CRSS or similar restart grants.

To apply, download the COVID-19 ESG 1 application form and return it your local Intreo Centre.

Future Growth Loan Scheme

The Future Growth Loan Scheme is available to businesses in Ireland, including those in agriculture and fishing sectors. Loans are available from €25,000 up to €3,000,000 for terms of between 7 and 10 years. The loans have a maximum interest rate of 4.5% and the first €500,000 borrowed can be unsecured. You can get more information on how to apply from the SCBI website.

COVID-19 Business Financial Planning Grant

You may be eligible for a Business Financial Planning Grant from Enterprise Ireland of up to €5,000 to help you develop a Business Sustainment Plan and to engage the services of an approved Financial Consultant. For more information and to apply contact Enterprise Ireland.

Sustaining Enterprise Fund

The Sustaining Enterprise Fund is aimed at firms in the manufacturing and international services sectors with 10 or more employees. The fund is operated by Enterprise Ireland and provides advances of up to €800,000 which are only repayable when a business returns to good financial health.

Apprenticeships

The Apprenticeship Incentivisation Scheme provides a €3,000 payment for each new apprentice, to support employers to take on new apprenticeships until the end of 2021. You can get more information from Solas about how to apply.

Cross-border companies

If you are a cross-border company, you can get professional advice on COVID-19 challenges up to the value of €2,250 from InterTradeIreland’s Emergency Business Solutions. Under the E-Merge programme, you can get €2,800 in consultancy support, to help your business develop online sales and eCommerce solutions.

Help for specific industries

There are specific supports and guidance for different sectors of industry. Find up to date details of the key supports and resources in Section 4 of the Department of Enterprise, Trade and Employment’s Supports for businesses impacted by COVID-19 booklet (pdf).

Outdoor Service Enhancement Scheme

The Outdoor Service Enhancement Scheme will give qualifying businesses in the hospitality sector, a payment of up to €4,000 to help enhance their outdoor seating capacity and weatherproof service areas. Details of the scheme are expected soon.

The law has been updated to allow licensed premises to sell alcohol for consumption in their outdoor seating areas (where the seating area has been permitted by the relevant local authority).

Accelerated Recovery Fund

Irish companies can apply for the new Accelerated Recovery Fund if they:

  • Are in the manufacturing and internationally traded services sectors
  • Had a 15% reduction in turnover or profit as a result of COVID-19 (in comparison to 2019 or 2020)

Eligible businesses can get funding between €150,000 and €1.8 million to adapt their operations and business models to support their recovery.

You can check if your business is eligible for the Accelerated Recovery Fund and find out how to apply on the Enterprise Ireland website.

Rates waiver and tax measures

A number of measures are available to help businesses reduce their operational costs.

Waiving of commercial rates

Rates due to local authorities are waived until the end of 2021, as part of measures announced in Budget 2022.

There are some exceptions to this, contact your Local Authority for further details.

Reduction of standard rate of VAT

The VAT rate for the hospitality and tourism sector will remain at the decreased rate of 9% until the end of August 2022 (extended under the Economic Recovery Plan for Ireland and in Budget 2022).

‘Warehousing’ of tax liabilities

Debts that are warehoused are subject to 0% interest for the warehoused period. The tax debt warehousing scheme is being extended to 31 December 2021. No interest will be payable during 2022 and a reduced interest rate of 3% a year will apply from 2023.

Find more information on the initiatives covering COVID-19 related tax debts in Revenue’s Information Booklet (pdf).

Waiving of licence fees for street furniture

For the remainder of 2021, restaurant and café owners do not have to pay street furniture licence fees for tables and chairs used for outdoor dining.

Restaurants can also continue to operate as takeaways for the rest of the year.

Waiving of court fees and excise duties for vintners

In 2021, vintners and other licensed premises will not have to pay court fees relating to the renewal of specified pubs and other liquor licences, or associated excise and stamp duties.

Advice for taxpayers and agents

Revenue has advice for businesses experiencing trading difficulties as a result of COVID-19. This includes information on tax returns, late payment interest, debt enforcement, tax clearance and customs.

Training and mentoring

Skillnet Ireland is running a number of initiatives aimed at helping small businesses through current business challenges.

The ReBound initiative gives small businesses online training and mentoring on implementing the return to work safely protocol. You can get more information about returning to work safely after COVID-19 closures.

The MentorsWork initiative is a free 8-week mentoring programme to support business recovery and help you sustain and improve your business. There are 300 places available and you can apply at mentorswork.ie.

Support is also available from:

Further information

The Government supports and guidance continue to develop as the COVID-19 situation changes. You can get up to date information from the Department of Enterprise, Trade and Employment (DETE).

You can get details of the key supports and resources in the Supports for businesses impacted by COVID-19 booklet (pdf).

DETE has set up an Enterprise Information Centre for information on the government supports available to businesses affected by COVID-19. Call 01 631 2002, Monday to Friday from 9am to 5pm or email: infobusinesssupport@enterprise.gov.ie.

Page edited: 13 October 2021