Minister for Communications Richard Bruton said that a broadcasting levy will be waived in order to help local radio stations keep their head above the water during the Covid-19 outbreak.
The Fine Gael TD said that the sector is experiencing financial strain as a result of a drop off in advertising revenue and that measures are needed to ensure the safety of these stations.
Minister Bruton said he has also asked the BAI to assess the financial situation of local radio as a result of the pandemic.
"I recognise the importance of local radio stations to their communities as a trusted source of information on the Covid -19 Pandemic," he said.
"They play a crucial role, especially in broadcasting community specific information across the country. In common with other businesses, the local radio sector has experienced financial strain as a result of a drop off in advertising revenue.
"To ensure that local radio stations can continue to play a role in serving local communities, I have requested the Broadcasting Authority of Ireland to waive the broadcasting levy for the first six months of the year. This action will save local radio stations almost €1m.
"I have also asked the BAI to conduct an urgent assessment of the financial situation of local radio as a result of the Covid- 19 Pandemic."
Local radio stations are also entitled to the range of forbearance measures announced by Revenue and the banks.
1. People are central - In times of economic boom and later bust, the mirror was held up to the Irish nation and many of the images were ugly. Early selfish behaviour in this crisis, shown in panic stockpiling, has happily abated.