Businesses in the Galway Gaeltacht are set to benefit from €5 million in funding being provided for client companies of Údarás na Gaeltachta.
Outgoing Minister for the Gaeltacht and the Islands Seán Kyne confirmed that Údarás companies will receive an initial €5 million allocation for supports under the Sustaining Enterprise Fund.
The Sustaining Enterprise Fund was launched in April under Enterprise Ireland to help companies maintain their liquidity in these time.
The fund was created with a pot of €180 million, and can provide companies with grants of up to €800,000.
Seán Kyne said that €5 million from the fund is being provided specifically for client companies of Údarás na Gaeltachta.
While it is expected that this amount will be enough to meet “present demands” of Gaeltacht companies, he added that it will be reviewed as the scheme progresses.
Small and micro business in the Gaeltacht region are also being encouraged to apply for aid from the €250 million Restart Grant Fund which is administered by local authorities.
“The support in the form of direct grant aid is aimed at helping micro and small businesses with the costs associated with reopening and re-employing workers following COVID-19 closures.”
“The grant can be used to defray ongoing fixed costs,” Seán Kyne said, adding “utilities, insurance or for replenishing stock and for measures needed to ensure employee and customer safety.”