Minister for Business, Enterprise and Innovation, Heather Humphreys has announced a major expansion of supports for businesses impacted by Covid-19, including an expansion of the Trading Online Voucher Scheme and a reduction in the interest rate for Microfinance Ireland loans.
Minister Humphreys announced the expansion of the €2,500 Trading Online Voucher Scheme through Local Enterprise Offices, for businesses employing up to 10 people.
An additional €3.3m is being provided to the scheme bringing the total available nationally to €5.6m. Local businesses in County Roscommon that previously benefitted from the Trading Online Voucher Scheme can, with effect now, apply for a second voucher of up to €2,500, with co-funding of 10%.
The voucher can be used to help add payment or booking systems to websites, along with subscriptions to low-cost online retailing platform solutions.
A substantial reduction in interest rates on Microfinance Ireland loans was also announced, bringing the rate down to 4.5%, where applications are made through Local Enterprise Office Roscommon Covid-19 Business Loans of up to €50,000 are available from Microfinance Ireland with no repayments and no interest charged in the first six months, for eligible businesses that employ less than ten people.
Welcoming the expansion of business supports, Louise Ward, Head of Enterprise, with Local Enterprise Office Roscommon, Roscommon County Council, said: “For many local businesses, the options for trading are very limited due to Covid-19. However, there are a lot of opportunities in online selling and by accessing this Trading Online Voucher scheme, small businesses can develop a sustainable strategy for increasing sales”.
* More details about small business supports available through Local Enterprise Office Roscommon can be found at LocalEnterprise.ie/Roscommon by emailing email@example.com or telephoning 090 6626263. https://www.localenterprise.ie/Roscommon/