Irish firms hit by Brexit will be able to apply for relief from a €300m ($370m) government loan scheme. In the last budget, €14m was set aside for the Department of Enterprise as part of the scheme. Another €9m was granted to the Department of Agriculture, ensuring that at least 40% of the money will be available for food firms. This $23m can be leveraged to offer a total of €300m after the signing of a counter guarantee through the European Investment Fund. Mr Donohoe said the guarantee agreement would provide “essential support” to the loan scheme. The Government has also announced it is seeking an additional €50m in funding under its “Northern Ireland Growth Fund” which would help businesses and farmers grow their businesses.
Irish firms hit by Brexit will be able to apply for relief from a €300m ($370m) government loan scheme. In the last budget, €14m was set aside for the Department of Enterprise as part of the scheme. Another €9m was granted to the Department of Agriculture, ensuring that at least 40% of the money will be available for food firms. This $23m can be leveraged to offer a total of €300m after the signing of a counter guarantee through the European Investment Fund. The Government has also announced it is seeking an additional €50m in funding under its “Northern Ireland Growth Fund” which would help businesses and farmers grow their businesses.