Business Continuity Voucher Goes Live

New Business Continuity Voucher Goes Live through Local Enterprise Offices

 

Minister Humphreys introduces new measure as part of COVID-19 Business Supports Package

 

The new Business Continuity Voucher is now available through Monaghan Local Enterprise Office and is open to sole traders and companies across every business sector that employ up to 50 people, the Minister for Business, Enterprise and Innovation, Heather Humphreys T.D. has announced today (March 25).

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. The goal is to help business owners make informed decisions about what immediate measures and remedial actions should be taken, to protect staff and sales.

Making the announcement, Minister Humphreys T.D. said: “I know this is still a very worrying time for all businesses. And as part of the package of supports that I announced earlier in the month, I am making a €2,500 voucher available through the Local Enterprise Offices from today to enable enterprises to avail of vital business continuity advice, to assist them with developing short-term and long -term strategies to deal with the COVID-19 outbreak. “

The scheme is open to all types of businesses, across all industries and sectors that employ up to 50 people. To apply, companies or sole traders fill out a short application form and submit it directly to their Local Enterprise Office by e-mail. When a company is issued with a voucher for third party consultancy, they begin working directly with a qualified expert, selected from existing Local Enterprise Office and Enterprise Ireland panels.

The primary aim of the scheme will support companies make informed decisions on the immediate measures needed to continue trading in the current environment while securing the safety of all employees and future business viability through identification of remedial actions.

 

The Business Continuity Voucher is available to support businesses:

  • Develop a business continuity plan
  • Assess current financial needs in the short term to medium term
  • Reduce variable costs, overheads and expenses,
  • Review and explore supply chain financing options
  • Implement remote working processes or procedures
  • Leverage HR expertise
  • Leverage ICT expertise  
  • Prepare a business case for application to emergency financial interventions available through Banks, SBCI (Strategic Banking Corporation of Ireland) and Microfinance Ireland.

Forms are available to download from www.LocalEnterprise.ie/Response and need to be submitted to info@leo.monaghancoco.ie

 

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