COVID-19 Products Scheme

COVID-19 Products Scheme

As a direct response to the global COVID-19 pandemic, Ireland’s new COVID-19 Products Scheme will allow for up to €200m in targeted State support.  If you are an existing IDA Ireland please contact your Account Executive to discuss.  If you are a first time investor in Ireland, please email us at idaireland@ida.ie

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Essential Services

The Government have now compiled a list of essential services which is available here. You should refer to this guidance to decide whether your organisation is providing an essential service - it is not necessary to seek official authorisation.

If you are an essential service – your employees that need to travel will need to have a work ID/letter from their employer/some form of identification stating that they are employed within your firm. A template of this letter is available to download here

If you have any queries or you believe that you require further advice, please get in touch with your IDA account manager.

GOVERNMENT SUPPORTS - COMPANIES

The Department of Business, Enterprise and Innovation (DBEI) have put in place a package of supports put in place to assist businesses impacted by COVID-19. DBEI has established a dedicated helpline for businesses with COVID-19 related queries. To get in touch please call +353 1 6312002 or email infobusinesssupport@dbei.gov.ie

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Recent Measures

On May 2nd the Government agreed a suite of measures to further support small, medium and larger business that are negatively impacted by Covid-19. The introduction of the measures follows the introduction of the Government’s Roadmap for Reopening Society & Business, which sets out a five stage plan to ease the Covid-19 restrictions and reopen Ireland’s economy and society.

Recent Measures

Return to Work Safely Protocol

The Return to Work Safely Protocol, published May 9th 2020, is designed to support employers and workers to put measures in place that will prevent the spread of COVID-19 in the workplace, when the economy begins to slowly open up, following the temporary closure of most businesses during the worst phase of the current pandemic.

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Non-EEA Nationals

The Irish Naturalisation and Immigration Service (Department of Justice) has issued an update clarifying the situation for non-EEA nationals whose immigration permission is due to expire in the next 2 months. These individuals will now be able to remain in Ireland until at least July 20th under an automatic temporary extension in response to the Covid-19 situation.

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Revenue Assistance

Revenue have advised that they are open to engagement with viable businesses experiencing temporary cash flow or trading difficulties that affect the timely payment of tax. Businesses, other than SMEs, who are experiencing temporary cash flow or trading difficulties should contact the Collector-General’s office on (01) 7383663. Alternatively, these businesses can engage directly with their branch contacts in Revenue’s Large Corporates Division or Medium Enterprises Division. 

Revenue Advice

Banking and Credit Measures

Credit and cash flow support available from Irish banks for their customers include payment breaks/loan repayment deferrals of up to 3 months and extensions of credit lines. Banks are also working to ensure the continuity of banking services.

Further Information

COVID-19 Working Capital Scheme

The Strategic Banking Corporation of Ireland (SBCI) are now open to eligibility applications under the COVID-19 Working Capital Scheme, which provides loans of up to €1.5m for periods of up to 3 years, with no security required for loans of up to €500,000. The scheme is open to SMEs and small mid-caps (up to 499 employees). 

Apply now

Temporary COVID-19 Wage Subsidy Scheme

Under the Temporary COVID-19 Wage Subsidy Scheme, the Government will support employers to pay their employees for the duration of the COVID-19 crisis. This will maintain the important employee-employer link and position the economy to recover as quickly as possible when the crisis abates. The scheme will be in place for twelve weeks. On April 15th,  Minister for Finance Paschal Donohoe announced some further changes to the Temporary Wage Subsidy Scheme, which apply to those earning less than €500 a week and those earning in excess of €586 per week.

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€180m Sustaining Enterprise Fund

An EU approved €180 million Sustaining Enterprise Fund has been established to provide financial support to Irish companies affected by the coronavirus outbreak. The fund is part of a suite of emergency supports to help Irish companies that are seriously and adversely affected by the COVID-19 pandemic. This support will be available to assist companies with 10 or more employees to access the necessary liquidity and funding to sustain their businesses in the short to medium term. The Scheme will operate as an additional support to the Strategic Banking Corporation of Ireland (SBCI) COVID-19 Working Capital Scheme and supports available from banks and other financial providers.

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IDA Ireland COVID-19 Response

IDA Ireland is firmly committed to supporting our client companies during this turbulent period. For queries on how we can assist, please do not hesitate to contact your IDA Ireland Account Manager. Alternatively contact us directly via email idaireland@ida.ie or via phone +353 1 6034000 and we will put you in touch with the right person who can help.

Speech by Martin Shanahan, CEO, IDA Ireland at Government Press Conference, 19th March 2020

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The COVID-19 Workplace Protection and Improvement Guide has been published by the National Standards Authority of Ireland

See NSAI guide


To support the implementation of these guidelines, a panel of consultancy and training support will be established. A consultancy grant up to €2,500 will be available to eligible companies.  Please contact your IDA Account Executive to progress your application. Click here for more information.

REMOTE WORKING

IDA Ireland, in collaboration with Laois Offaly ETB, SOLAS and Grow Remote, has created two new online training programmes that develop the skillset required by those wishing to transition to a remote work environment (and enhance the capacity of Line Managers to lead remote work teams.

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Health Advice

The health and safety of our community during this period of unprecedented challenge is paramount. To help stop the spread of coronavirus you may need to either restrict your movements or self-isolate. We would ask all clients and stakeholders to follow all Department of Health and HSE advice and to closely monitor reliable sources for updates:
 

 

 
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Government Supports - Individuals

Short Time Work Support

Short-time Work Support is a form of Jobseeker's Benefit and is an income support payment available to employees that have been temporarily placed on a shorter working week. The payment is made in respect of your regular salary for the days that you are no longer working.

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COVID-19 Pandemic Unemployment Payment

The COVID-19 Pandemic Unemployment Payment is a payment of €350 per week. It is available to all employees who have lost their job due to the COVID-19 pandemic. The payment will be in place for the duration of the crisis. Employees can apply online through the Department of Employment Affairs and Social Protection.

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