Local TD & Minister for Finance, Paschal Donohoe along with Business Minister, Heather Humphreys TD have announced a Major Expansion of Business Supports for SMEs.
✅ €1 billion in Liquidity Measures available for SMEs
✅ €180m Sustaining Enterprise Fund launched
➡️ Expansion of two SBCI Loan Schemes by €450m to provide an extra €250m for working capital and €200m for longer-term loans, bringing the total allocation to support liquidity in companies affected by the COVID-19 crisis to €650m.
➡️ €180m Sustaining Enterprise Fund for firms in the manufacturing and international services sectors.
Extension of supports for online trading to €7.6m
➡️ Expansion of Microfinance Ireland funding by €13m to €20m for COVID-19 loans with interest rates dropped from 7.8% to 4.5%.
➡️ Free mentoring, free online training for all businesses
Full details of supports for businesses can be found on ⤵️
Arbour Hill, Ballybough, Church Street, City Centre, Clonliffe Road, Constitution Hill, Fine Gael, Grangegorman, Markets, Montpelier, North Circular Road, North Strand, North Wall, Quays, Rathdown Road, Smithfield, Stoneybatter
Fine Gael Councillor - North Inner City
Chair, Urban Form & Planning Strategic Policy Committee