Government supports for COVID-19 impacted businesses in Ireland

Mar 26, 2020

Updated on 31 March 2020

The COVID-19 crisis is presenting immediate and severe financial challenges for businesses. Here are some practical steps, supports and guidance made available by the Department of Business, Enterprise and Innovation:

Talk to your bank on provision of additional supports such as payment holidays or emergency working capital facilities, and take immediate steps to manage your cashflows

 Use available government supports for working capital

  • The SME 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.
  • 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
  • The €200m SBCI COVID-19 Working Capital Scheme for eligible businesses supports loans from €25,000 up to €1.5 million (first €500,000 unsecured) with a maximum interest rate of 4%. Applications can be made through the SBCI website at
  • €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.
  • A new Business Continuity Voucher, available through Local Enterprise Offices, designed for businesses across every sector that employ up to 50 people.
    The voucher is worth up to €2,500 in third party consultancy costs and can be used by companies and sole traders to develop short-term and long-term strategies to respond to the COVID-19 pandemic. Apply here


 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.

 Business Continuity Planning: COVID-19 Checklist

Take a look at the Department’s Business Continuity Planning Checklist in response to COVID-19.

 Essential Retail Outlets

list of essential retail outlets has been published by the National Public Health Emergency Team (NPHET).

 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.

 You can also use the Department’s established Business Support Call Centre for information on the government supports available to businesses and enterprises affected by COVID-19.

Tel: +353 1 631 2002