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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
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Links to further Information
July Jobs Stimulus – gov.ie
Backing Ireland’s Businesses, Supporting and Creating Jobs
Helping People, Especially Young People, Get Back to Work
Building Confidence and Solidarity
Preparing Ireland for the Economy of the Future
View the press release announcing the stimulus package
What the Jobs Stimulus Will Do
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Download PDF of the official document providing an overview of the July Stimulus and its measures of support (Click on Image)
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