Clare retailers are warning the Government that it has one chance to save businesses, when it announces it’s July Stimulus Package.
Supports for the sectors of the economy worst affected by the pandemic are due to be unveiled early next week, as well as funding aimed at delivering balanced regional development.
But some businesses fear the supports are won’t go far enough.
The Government’s July stimulus package is due to be announced early next week and promises to place small and medium businesses at its core.
Details of what’s contained in the package aren’t yet clear, but supports for the sectors worst affected by the pandemic are expected to be unveiled, as part of efforts to restore employment to the end of the year.
But some businesses are concerned that whatever funding is made available, won’t go far enough towards saving businesses that are clinging on for survival.
Deputy Chair of Retail Excellence and owner of Willow in Ennis, Jean McCabe is warning the Government that it has once change to get it right.
A number of initiatives have already been announced by government, but one of its most significant to date – the Credit Guarantee Scheme – has today been criticised by one prominent Clare businessman.
Patrick Bourke of Patrick Bourke’s Menswear in Kilrush and Ennis says the interest rate is too high.
Meanwhile, as some businesses are calling for supports, others are being urged to apply for a scheme that’s already been announced.
Clare County Council says that while around 3,000 businesses here could be eligible for the Restart Grant Scheme, it’s only received 1,100 applications to date.
Over €2 million remains unclaimed, although some 3.5 million has been paid out.
Trina Rynne of Clare County Council says businesses should seek funding if they think they may be eligible.
