A new Employment Wage Support Scheme and extension of the Pandemic Unemployment Payment into next year will provide much needed certainty to businesses and individuals in Fingal, a local Fine Gael TD has said
Speaking after the Government's July Stimulus package was announced, Deputy Alan Farrell said the new €7.4bn suite of measures will help get Fingal's businesses back on their feet and get as many people as possible back to work quickly while continuing to manage the impact of Covid-19.
Deputy Farrell said: 'I'm pleased to confirm a new Employment Wage Support Scheme will succeed the Temporary Wage Subsidy Scheme and run until April 2021.
'Employers in Dublin Fingal whose turnover has fallen 30% will receive a flat-rate subsidy of up to €203 per week per employee, including for seasonal staff and new employees.
'New firms operating in impacted sectors will also be eligible. The scheme will support around 350,000 jobs into the beginning of next year.'
'The restart grant for enterprises will benefit a range of SMEs. It will be expanded by €300m bringing the total funding to €550m. The payment level is being increased to €25,000. Further payments may be available to those firms which have already received them. Other businesses, such as B&Bs across Fingal, not previously included in the scheme, will now be eligible.'
Businesses forced to close due to public health requirements will be granted a waiver of commercial rates for the six months to end-September 2020.
Deputy Farrell said: 'The Pandemic Unemployment Payment, due to end in August 2020, is being extended until April 2021. We know that this is extremely helpful to those not working. We have heard that testimony repeatedly. This will provide security for households across Fingal as job opportunities return. To help restore consumer confidence and support retailers and businesses across Fingal, there will be a 6-month reduction in the standard rate of VAT from 23pc to 21pc, from the beginning of September. Our tourism sector has been crippled by COVID-19.
'A new Stay and Spend incentive will allow any taxpayer who pays over €625 on accommodation, food and non-alcoholic drinks, between October and April 2021, claim back up to €125 through a tax credit.'