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.
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.
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
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.
A €200m Package for Enterprise Supports including a Rescue and Restructuring Scheme available through Enterprise Ireland for vulnerable but viable firms that need to restructure or transform their business. Further details on the scheme are yet to be announced.
Speech by Martin Shanahan, CEO, IDA Ireland at Government Press Conference, 19th March 2020
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 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.
The Department of Foreign Affairs and Trade advises against all non-essential travel overseas until at least March 29th. This includes Great Britain but does not apply to Northern Ireland. Irish Health Authorities require anyone coming into Ireland, apart from Northern Ireland, to restrict their movements on arrival for 14 days. For up-to-date information on travel advice and current restrictions please refer to The Department of Foreign Affairs website.
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.
You'll find us responsive to your needs, proactive, professional and willing to go the extra mile.
We have 28 Offices worldwide helping support companies expand their operations in Ireland.