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 ⤵️

https://dbei.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/Government-supports-to-COVID-19-impacted-businesses.html