Extra Supports Announced For Businesses Hit By Covid 19

Two loan schemes will get an extra €450 million to provide immediate liquidity and longer term loans.

The government has announced further supports for businesses dealing with the fallout of the Coronavirus crisis.

An additional 250 million has been put into a loan scheme run by the Strategic Banking Corporation of Ireland

A further 200 million has been added to the Future Growth Loan Scheme for longer term loans.

Minister Heather Humphreys says it means the pot of supports available has now reached one billion euro

However, they fall short of what employer groups like IBEC were calling for.

Further smaller loans were also announced including measures to help businesses develop their online offerings