LEO Mayo - COVID-19 Updates

COVID-19 Updates

Due to the rapidly changing nature of COVID-19, we will aim to provide you with the latest information and details of supports that are available to assist you at this difficult time. 

• Get in contact with us

If you wish to receive information as it comes to hand, can you please complete the enquiry form on our website through the following link:

https://www.localenterprise.ie/Mayo/Contact/ 


Please include COVID-19 in the comments box in order to receive updates. If you have a specific query can you also please provide summary details in the comment box.


• Follow the most up-to-date Department of Health guidelines
• https://www.gov.ie/en/campaigns/c36c85-covid-19-coronavirus/ 

• Business Continuity Planning – Checklist of preparatory actions in responding to COVID-19
• https://www.localenterprise.ie/Portal/News-and-Events/Checklist-of-actions-in-response-to-COVID-19.html

• Department of Foreign Affairs & Trade – Travel Advice
https://www.gov.ie/en/campaigns/c36c85-covid-19-coronavirus/

• Health Protection Surveillance Centre
• https://www.hpsc.ie/a-z/respiratory/coronavirus/novelcoronavirus/

• Social Protection – supports available to employed and self-employed individuals
• https://www.gov.ie/en/publication/99104a-covid-19-coronavirus/

• Illness Benefit for COVID-19 absences and steps to take
• https://www.gov.ie/pdf/?file=https://assets.gov.ie/71251/8ed3af3e7b244134abd64874bc325f84.pdf#page=1


COVID–19 Business supports – 13/03/2020

Please see below for the various measures that are in place so far with regards COVID-19. This list will change as we receive updates and further information with regards the supports put in place. Please keep an eye on @leomhaigheo on twitter.


The Department of Business, Enterprise and Innovation announced a number of supports for businesses facing challenges arising from the current COVID-19 situation.


• Microfinance Ireland loans – maximum loan increased from €25,000 to €50,000 to specifically deal with exceptional circumstances that micro-enterprises are facing. Applications for cashflow loan will be open to businesses in any sector that have a projected or actual loss of at least 15% in turnover or profit as a direct result of COVID-19. Applications can be made online at https://microfinanceireland.ie/ or via Local Enterprise Office Mayo. Further details are being worked on and an update is expected soon.

• Currently working on detail of Voucher Scheme announced by Minister Humphreys on Tuesday. This will be a similar measure to the lean/productivity voucher with normal charges (€250) being applied in return for specialist consultancy support (value €2,500 - €10,000) to include business continuity planning.

• Business mentoring support for impacted firms will continue to be offered.

• The Credit Guarantee Scheme is in place and available now to SMEs subject to the relevant terms and conditions. The Scheme will be available to COVID-19 impacted firms through the Pillar Banks. Loans of up to €1m will be available at terms of up to 7 years. https://dbei.gov.ie/en/Publications/Publication-files/SME-CGS-Information-Booklet.pdf

• Separately the Strategic Banking Corporation of Ireland is currently working to finalise the terms and conditions of the SBCI COVID19 Working Capital Scheme and the eligibility application process for this. The SBCI website https://sbci.gov.ie/ , will be updated as soon as these are finalised. In the interim if you wish to be kept informed on developments please email the SBCI at info@sbci.gov.ie

 

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