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Supports for Businesses COVID 19

Government supports for COVID-19 impacted businesses

The COVID-19 crisis is presenting immediate and severe financial challenges for businesses.

Here are some practical steps you can take:

1. Talk to your bank 

    All the banks have announced that they will offer flexibility to their customers, and they may be able to provide payment holidays

    or emergency working capital facilities.

2. Take immediate steps to manage your cashflows 

    Look for scope to:

  •     Lower variable costs 
  •     Delay discretionary spend 
  •     Extend your payables 
  •     Expedite your receivables   
  •     Explore supply chain financing options

3. Use available government supports for working capital

  •     The Credit Guarantee Scheme supports loans up to €1 million for periods of up to 7 years. Applications can be made to AIB, Bank of Ireland and Ulster Bank. Eligibility criteria apply.

Credit Guarantee Scheme for COVID-19 FAQs

  •    Microenterprises can access COVID-19 loans of up to €50,000 from MicroFinance Ireland. The terms include a six months interest free and repayment free moratorium, with the loan to then be repaid over the remaining 30 months of the 36-month loan    period. Loans are available at an interest rate of between    6.8% and 7.8%.  Businesses can apply through their Local Enterprise Office or directly at Eligibility criteria apply.

Microfinance Ireland COVID-19 Business Loan FAQs

  •   The €200m SBCI COVID-19 Working Capital Scheme for eligible businesses will be available within the next week.Maximum loan size will be €1.5 million (first €500,000 unsecured) and the maximum interest rate will be 4%. Applications can be made through the SBCI website at Eligibility criteria apply.

SBCI COVID-19 Working Capital Scheme FAQs

  •   A €200m Package for Enterprise Supports including a Rescue and Restructuring Scheme is available through Enterprise Ireland for vulnerable but viable firms that need to restructure or transform their business.

4. Get advice

    Get advice from your accountant or use the advisory support available from your local LEO.

5. Check your insurance cover

    Check if your insurance policy covers you for an interruption in your business, or a temporary business closure, caused by COVID-19.

6. Engage with Revenue

    If you have concerns about your ability to pay your tax liabilities speak to the Revenue Commissioners, who have advised:

   "On an on-going basis, Revenue engages with viable businesses experiencing temporary cash flow or trading difficulties that affect the timely payment of tax.  

    Revenue works very successfully with businesses that engage early to resolve their tax payment difficulties.

    Revenue will engage with any viable business that   experiences temporary cashflow difficulties, including difficulties arising from exceptional circumstances 

    such as the COVID-19 (Coronavirus) outbreak"    See

    Revenue has also posted advice for businesses experiencing trading difficulties as a result of COVID-19.

    This includes information on tax returns, the application of late payment interest, debt enforcement, tax clearance and customs.

7. Be aware of government supports 

  •  Employees of businesses that need to reduce hours or days worked can avail of the Department of Employment Affairs and Social Protection Short-time Work Support.

  • The Department of Employment Affairs and Social Protection has introduced a refund scheme for employers. Under an arrangement developed with Revenue, employers who have to temporarily lay-off staff and who are not in a position to make any wage payment to them, are asked to keep their employees on the payroll and pay them an amount of €203 - the equivalent of the COVID-19 Support Payment.When they submit payroll returns to Revenue via their payroll provider, Revenue will refund the employer the €203.Please see COVID-19 Employer Refund Scheme for full details.

  • For those workers who have been laid off without pay, there is no need to visit an Intreo Centre. The DEASP has introduced a new support payment for the self-employed who have lost business and to those who have lost employment as a result of the COVID-19 pandemic, the COVID-19 Pandemic Unemployment Payment

  • The Department of Employment Affairs and Social Protection and the Department of Business, Enterprise and Innovation will provide a joint First Responder support service through the Intreo Offices and development agencies, Enterprise Ireland and IDA Ireland in each region to provide tailored supports for impacted firms, with objective of avoiding mass lay-offs and buying time for firms to work through the short-term disruptions.

  • A Finance in Focus grant of €7,200 will be available to Enterprise Ireland and Údarás na Gaeltachta clients that want to access consultancy support to undertake immediate finance reviews.

  • In addition to their current range of business supports to microenterprises, LEOs can also provide business continuity vouchers from €2,500 to assist in preparing any business continuity issues that arise in the current challenging environment.Visit LEOs COVID-19 Business Response for further details. 

  • Enterprise Ireland has a number of supports available to help businesses mitigate the impact of Covid-19. Their COVID-19 Business Response Plan outlines the COVID-19 supports available.

Business Continuity Planning: COVID-19 Checklist

The Department of Business, Enterprise and Innovation has updated its checklist on Business Continuity Planning which provides a checklist of preparatory actions for businesses in responding to COVID-19.

Posters and signs for your premises

The Department of Health has developed public health information posters and social distancing graphics to display on your premises.

More posters, leaflets and social media assets are available on HSE Posters and resources

Business Support Call Centre

The Department of Business, Enterprise and Innovation has established a Business Support Call Centre for information on the government supports available to businesses and enterprises affected by COVID-19.

Tel: +353 1 631 2002


Related Information


List of essential retail outlets

March 2020

EU Export Controls for Personal Protection Equipment

March 2020

Letter from Minister Humphreys on COVID-19

March 2020

more related publications


List of essential retail outlets

March 2020

EU Export Controls for Personal Protection Equipment

March 2020

Letter from Minister Humphreys on COVID-19

March 2020


List of essential retail outlets

March 2020

EU Export Controls for Personal Protection Equipment

March 2020

Letter from Minister Humphreys on COVID-19

March 2020

More related consultations