08 April 2020 – Provided funding for long term loans to businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Irish Government provided €200 million in COVID-19 funding for long term loans to businesses, through its Future Growth Loan Scheme which has been operating since June 2019.

Businesses will be able to obtain loans of between €100,000 and €3 million for terms from 8 to 10 years with a maximum interest rate of 4.5 per cent. Loans of up to €500,000 can be unsecured. Interest-only repayments may be available at the start of the loans.
Full details here: https://www.gov.ie/en/press-release/97e147-minister-humphreys-announces-major-expansion-of-business-supports-fo/