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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GOVERNMENT SUPPORTS - COMPANIES

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

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Government Business Supports

The Government continues to support small, medium and large businesses that have been negatively impacted by the Covid-19 pandemic. The current plan – COVID-19 Resilience and Recovery 2021: The Path Ahead – sets out the Government’s current approach.

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Return to Work Safely Protocol

The Return to Work Safely Protocol, 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 near future. 

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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

The Central Bank of Ireland maintains a consumer hub which outlines the COVID-19 assistance measures that are available to businesses from the Irish banking sector.

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). 

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Employment Wage Subsidy Scheme

EWSS is an economy-wide enterprise support that provides a flat-rate subsidy to qualifying employers based on the numbers of eligible employees on the payroll, as well as gross pay to employees. The EWSS replaced the Temporary Wage Subsidy Scheme from 1 September 2020 and is expected to continue until 30 June 2021.

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€180m Sustaining Enterprise Fund

The Sustaining Enterprise Fund (SEF) is available to eligible manufacturing and internationally traded services companies, employing 10 or more employees which have been impacted by a 15 per cent or more reduction in actual or projected turnover or profit, and/or have a significant increase in costs as a result of the COVID-19 pandemic. The SEF is open to companies who are clients of Enterprise Ireland, IDA Ireland, Údaras na Gaeltachta and non-client companies who meet the employment and activities eligibility criteria

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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.

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.

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 available to employees and the self-employed who have lost their job due to the COVID-19 pandemic. Applications will now be accepted until 30th June 2021. Employees can apply online through the Department of Employment Affairs and Social Protection.

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