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New Supports for SMEs as Part of Budget 2023

The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD has announced a Budget package to help businesses with escalating energy costs and to plan for the future.

Overall funding allocated to the Department of Enterprise, Trade and Employment in Budget 2023 has increased by €36 million, to €940 million.

Other measures announced for SMEs in Budget 2023 include a €1.25 billion Temporary Business Energy Support Scheme (TBESS), €200 million Ukraine Enterprise Crisis Scheme, €1.2 billion Ukraine Credit Guarantee Scheme, €500 million Growth and Sustainability Loan Scheme.

For more information on what these measures mean for business owners, please click here.

Padraic McElwee, Chair of the network of Local Enterprise Offices, welcomed the measures and has stressed that small businesses make contact with their LEO as they plan for the next 12 months. To read his response, please click here.