Factsheet for case IE-2021-1/1780 – measures in Ireland
|Country||Ireland , applies nationwide|
|Time period||Temporary, 01 January 2021 – 30 June 2021|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Roisin Farelly (IRN Publishing) and Eurofound|
|Case created||18 February 2021 (updated 10 May 2021)|
In February the Government announced a new scheme for businesses, such as wholesalers, caterers and event suppliers who have been ineligible for the COVID Restriction Support Scheme (CRSS) and other sector specific grants. The scheme is called the COVID-19 Business Aid Scheme (CBAS).
Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar said: “The government has sought to help as many businesses as possible through wage subsidies and the many different grant and loan schemes we have put in place. A new Scheme, the CBAS, will help some businesses that aren’t eligible for existing grants, largely due to the fact that the premises they operate from have not been closed to the public. We estimate that this will help approximately 7,500 businesses. While the grant is modest it will be of substantial assistance to smaller businesses with some of their fixed costs like rent, utilities and security. For example, wholesalers, suppliers, caterers, office-based businesses and events companies down 75% or more in turnover will qualify. We are finalising the details and it will be open for applications shortly.”
The COVID-19 Business Aid Scheme (CBAS) is available to companies, self-employed, sole traders or partnerships.
To be eligible they must have a minimum turnover of €50,000.
In addition, the following must apply:
The scheme covers the period 1 January 2021 to 30 June 2021. Each eligible applicant will receive a payment of €4,000 with an additional payment of €4,000 from May 2021.
It is estimated that the grant will help approximately 7,500 businesses.
|Does not apply to workers||
One person or microenterprises
|Does not apply to citizens|
Local / regional government
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
In February, the Small Firms Association (part of the employer group Ibec) called on the Government to launch more details of the scheme “before small businesses ineligible for other Covid business supports are forced to close and jobs are lost”.
Eurofound (2021), COVID-19 Business Aid Scheme (CBAS) targets businesses ineligible for other supports, case IE-2021-1/1780 (measures in Ireland), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.