IDA Ireland remains open, albeit ‘virtually’ to protect our employees and clients. This dedicated page aims to bring you the most up-to-date information and advice on COVID-19, and the government response. IDA Ireland will continue to monitor developments and update this webpage accordingly.
Download here our Covid-19 Response Plan.
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 email@example.com
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 firstname.lastname@example.org
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.
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.
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.
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.
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.
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).
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.
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.
The COVID-19 Workplace Protection and Improvement Guide has been published by the National Standards Authority of Ireland
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.
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:
HSE Information on Coronavirus (COVID-19)
Department of Health updates
Health Protection Surveillance Centre (HPSC) advice and guidance including guidance for workers dealing with the general public
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.
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.
The Department of Foreign Affairs and Trade advises against all non-essential travel overseas until further notice. Travel restrictions are in place to protect public health and to mitigate the risk of new variants of COVID-19 entering the country. For up-to-date information on travel advice and current restrictions please refer to The Department of Foreign Affairs website.
I’m getting back in touch with you on foot of the Government’s latest public health advisory regarding restrictions of movement due to Covid-19.
On Friday (May 1st 2020), An Taoiseach said the existing public health measures announced on April 10th will be extended until May 18th with some very limited lifting of personal travel restrictions.
We are reaching out to you on foot of the updated public health advice from Government advising the public of increased restrictions on movement owing to Covid19.
The purpose of these increased restrictions is to save lives and employers and employees should follow this advice.
Martin Shanahan, CEO IDA Ireland:
This is a very difficult time for business, both Irish businesses and international businesses that are based here in Ireland and indeed businesses right across the globe.
This is a global pandemic and has caused widescale disruption to the global economy in which Ireland operates.
The potential business benefits of Remote Working have been acknowledged for some time – enhancing the ability to attract and retain top talent, contributing to a more contented and productive team, and lowering the cost base. Remote working can contribute to regional development through sustainable rural communities, while also addressing inclusion and diversity in workforces by removing some barriers to work. It also offers companies and employees the opportunity to focus on output rather than attendance, while building resilience and business continuity.
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