The government approved a new €6.5 billion support to help businesses reopen as the restrictions on Covid-19 are slowly lifted.
Pascual Donohoe, Minister of Finance and Public Spending and Reform, said that it should help businesses “gradual recovery phase”.
“Today the Government has now agreed further supports to rebuild jobs and rebuild businesses as our public health guidance changes,” he added.
Donohue said that the new measures will build on what the government has already done to help businesses.
“They involve up to €2bn in guaranteed loans to help our small and medium businesses and enterprises.
“Up to €2bn of equity and other investment available to medium and larger companies through re-purposing and changing the role of the Ireland Strategic Investment Fund or ISEF. Certainty and support for businesses and up to €2bn of deferred taxes.
“The waiving of €260 million of commercial rates and the new restart fund for micro and small businesses.”
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