Understanding what financial supports are available for your business
In response to the effect of COVID-19 on Irish businesses the Government, and in particular the Department of Employment Affairs & Social Protection (DEASP), introduced a range of financial measures to support businesses and their workers who are effected by the COVID-19 crisis. These new measures, some of which offer enhanced social welfare payments on a temporary basis, complement existing social welfare benefits already providing financial assistance to workers during periods of unemployment or sickness. Full information on these benefits is available on the COVID-19 page on the DEASP's website.
The measures that are available to employers, employees and the self-employed include:
- The Temporary Wage Subsidy Scheme
- The Pandemic Unemployment Payment
- Short-Time Work Support
- Jobseeker's Allowance / Job Seeker's Benefit
- Enhanced COVID-19 Illness Benefit
- Illness Benefit
- Insolvency Payments Scheme
We have drafted an easy-to-use flowchart to help you to determine whether your business is eligible to apply for a refund under the Temporary Wage Subsidy Scheme, and if so, what the refund will be. We have also summarized the financial supports that are available to employers, employees and the self-employed, indicating the nature of the support available, any eligibility criteria you have to meet, and also provided guidance on how you apply for these supports.
Read our update to understand the range of financial supports are available to support your business and your workers during these uncertain and ever changing times.
If you require specific advices on the Temporary Wage Subsidy Scheme or any of these benefits, contact Duncan Inverarity, Partner, Aisling Muldowney, Associate, Amy Martin, Solicitor, or any member of the A&L Goodbody Employment Team.
