Business News
Library of Knowledge No. 30 Restart Grant – Update An improvement announced in the July Stimulus Package was the enhancement and expansion of the Restart Grant (application via your local authority website). To further support enterprises as the economy reopens and resumes activity, further grant funding of €300m will be provided to businesses through an…
THE manufacturing sector clocked up its fastest pace of growth in almost two years in July, rebounding from the worst period of the lockdown. The pace of a recovery that was under way in June accelerated last month, according to AIB’s manufacturing Purchasing Managers’ Index (PMI). The index tracks growth and decline on index either […]
The coronavirus pandemic has plunged Europe’s leading economies into historic recessions, figures published on Friday showed. France and Spain both reported double-digit quarter-on-quarter falls in economic output in the three months to June. The figures came after both the US and Germany on Thursday reported a loss of about a tenth of their gross domestic […]
Library of Knowledge No. 29. As announced on 23rd July in the July Stimulus Package, the Temporary Wages Subsidy Scheme (TWSS) will be replaced by the Employment Wages Subsidy Scheme (EWSS) from 1st September 2020 and is expected to continue to 31st March 2020. Qualifying Criteria for Employers. To qualify for the scheme, you must…
One of the challenges we face in growing our economy is the limited size of our domestic market. Ireland’s entry into the then EEC in 1973, and subsequent adoption of the euro in 2002, opened the door to a large and developed marketplace. As the EU has progressed and expanded the four freedoms – goods, […]
HOUSING Minister Darragh O’Brien has signalled that couples who have a gross combined income of more than €75,000 will be eligible for a new affordable homes scheme. He also told the Dáil that he intends the guide price for such housing to be between €160,000 and €260,000 as he clashed with Sinn Féin’s Eoin Ó […]
Consumer sentiment continues to lag behind business confidence, fresh data from Bank of Ireland suggests. Bank of Ireland’s regular ‘Economic Pulse’ combines business and consumer elements to track sentiment in the economy month to month. The index was up 5.5 on last month but down 21.0 compared with a year ago. Business confidence has risen […]
Library of Knowledge No. 28 Government launches €7.4bn Jobs Stimulus to help businesses re-open, get people back to work and promote confidence. The July Jobs Stimulus, a €7.4bn package is designed to stimulate a jobs-led recovery and build economic confidence while continuing to manage the impact of Covid-19. The priority of the Government remains the…
Library of Knowledge No. 27 The Lean Business Continuity Voucher – Overview The Lean Business Continuity Voucher is available to eligible companies to access up to €2,500 in training or advisory services support related to the continued operation of their businesses during the current pandemic. The voucher may be used to obtain services from approved…
Library of Knowledge No. 26 The purpose of the Competitive Start Fund is to accelerate the growth of start-up companies that have the capacity to succeed in global markets. The fund is designed to enable those companies to reach key technical and commercial milestones. Applications are considered on a competitive basis. Funding is provided to…