Overview of COVID-19 business supports for SMEs

14 April 2020

15/04/2020

UPDATE: On 2 May, the government outlined a €6.5bn package of new supports to help businesses impacted by COVID-19. Read detail.

Irish state bodies have introduced a range of measures to assist Irish SMEs facing financial difficulties as a result of a downturn in business due to COVID-19.

On 8 April 2020, Minister for Business Heather Humphreys announced further measures, bringing to €1b the total amount of liquidity measures being made available for small- and medium-sized Irish
businesses.

In this document we summarise the measures which are currently available. Details may change as the support packages are further developed and the current situation evolves.

This PDF contains the key detail on:

  • SBCI Covid-19 Working Capital Loan Scheme
  • SBCI Future Growth Loan Scheme
  • Business Continuity Voucher
  • Microfinance Ireland Loans
  • Trading Online Voucher Scheme
  • COVID-19 Retail Online Scheme
  • Sustaining Enterprise Fund
  • Business Financial Planning Grant
  • LEAN Business Improvement Grant
  • SME Credit Guarantee Scheme

If you are looking to engage with your existing funder or a new lender about raising additional funding for your business, contact a member of our corporate finance team to find out how we can help. We have a well-established track record of helping SMEs secure funding lines and have developed strong and long-lasting relationships with all major lending institutions. We can guide you through the process to help ensure a positive outcome.

The detail provided is purely for information purposes. Detail from multiple sources and subject to change. May contain errors or omissions.

Overview of COVID-19 business supports for SMEs - cover Crowe Ireland
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Naoise Cosgrove, Managing partner - Crowe Ireland
Naoise Cosgrove    
Managing Partner
Corporate Finance
Partner, Corporate Recovery - Crowe Ireland
Aiden Murphy  
Partner
Corporate Recovery
Gerard O'Reilly, Partner, Audit - Crowe Ireland
Gerard O'Reilly  
Partner, Audit