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Financial supports for business during COVID-19.

Covid 19 business supports in Ireland

We know the move to Level 5 will have a significant impact on businesses – we also know many people will lose their jobs, hopefully most just temporarily.

There are a wide range for Financial supports, training and guidance to help your business with the impact of COVID-19. For further details on these supports, please click here.

Changes to PUP and EWSS

As a result of the fact that businesses have to close we are making changes to the PUP and the EWSS. The new payment structure for the PUP is as follows, with the rate of €350 restored to those who were earning in excess of €400 per week:

Prior Weekly Earnings (Gross) PUP Payment
< €200                      €203
€200 – €299.99          €250

€300 – €399.99          €300

> €400                      €350

This change to payment rates will apply for payments issued from Tuesday 27th October (PUP is paid weekly on a Tuesday) in respect of all existing and new applicants.

The EWSS is also being amended to align with the amendment to PUP. This means here will be 5 payment rates/bands as follows:

f) 0 – €151 = €0
g) >€151 < €203 = €203
h) >€203 < €300 = €250
i) >€300 < €400 = €300
j) >€400< €1,462 = €350

The main aim of this scheme is to ensure where possible employees retain their link with their employer rather than become unemployed. This revised scheme will run to end January 2021.

Full details of each scheme can be found by clicking here.