A summary of the July Stimulus measures include;

Backing Ireland’s Businesses

• A new Employment Wage Support Scheme to succeed the Temporary Wage Subsidy Scheme and run until April 2021.
• 0% interest for first year of SME loans
• Restart Grant for Enterprises is being extended and expanded
• The waiver of commercial rates extended until end-September 2020
• A €2 billion Covid-19 Credit Guarantee Scheme

Helping People Get Back to Work

• Extension of the Pandemic Unemployment Payment (PUP) to 1st April 2021
• €200 million investment in training, skills development, work placement schemes, recruitment subsidies, and job search and assistance measures
• 35,000 extra places will be provided in further and higher education
• Further supports for apprenticeships

Building Confidence and Investing in Communities

• Financial certainty through the Enterprise Wage Support Scheme, the Pandemic Unemployment Scheme, Rates waivers etc.
• €500 million investment in communities
• Investment in schools, walking, cycling, public transport, home retrofitting, and town & village renewal
• Tax measures including a temporary reduction in the standard rate of VAT
• Stay and Spend initiative
• Targeted measures for most vulnerable sectors

Preparing Ireland for the Economy of the Future

• €25 million Investment in Life Sciences
• Training and Skills Development
• €10 million to be provided under a New Green Enterprise Fund
• Increase in Seed and Venture Capital for innovation driving enterprises
• Additional supports for IDA promotional and marketing initiatives targeting jobs
• Additional supports to businesses to develop their online presence.
• €20 million Brexit fund to help SMEs to prepare for new customs arrangements
• Expansion of Sustaining Enterprise Fund scheme