Financial & Other Supports
Resources for helping businesses with finance during COVID-19

Your first point of contact to discuss what supports your business needs and can avail of is the Waterford Local Enterprise Office (LEO).  The Waterford LEO can provide free expert advice from mentors in areas including HR, Financial and Digital.  For more information, visit their website or phone on 0761 10 2905

There is a wide range of supports available to help businesses impacted by the COVID-19 crisis.  For a full listing of all supports visit

Rates waiver and tax measures

Commercial rates waiver: With limited exceptions, all businesses were granted a nine-month commercial rates waiver to 27 December 2020. Further commercial rates relief for affected sectors has been extended to 30 June 2021. The Department of Housing, Local Government and Heritage will provide further details on the commercial rates waiver.

'Warehousing' of deferred tax debts: The scheme, administered by Revenue, will ‘warehouse’ VAT and PAYE (Employer) debts associated with the COVID-19 crisis.

Loans, grants, vouchers and schemes
COVID Restrictions Support Scheme: The COVID Restrictions Support Scheme (CRSS) offers support to businesses forced to close or trade at significantly reduced levels as a result of restrictions imposed on them in response to COVID-19. Eligible businesses can make a claim to Revenue for a payment known as an Advance Credit for Trading Expenses (ACTE). An ACTE is payable for each week a business is affected by the restrictions. The ACTE is subject to a maximum weekly payment of €5,000.

The closing date for this scheme is currently 30th June 2021.

Tourism Business Continuity Scheme: The new €55 million Tourism Business Continuity Scheme will support those tourism businesses that were not eligible for the COVID Restrictions Support Scheme (CRSS) payment or previous Fáilte Ireland continuity grant schemes.

COVID-19 Business Aid Scheme: A new €60 million COVID-19 Business Aid Scheme (CBAS) is being developed to provide grants to businesses ineligible for the Government’s other existing schemes designed to help with fixed costs. Wholesalers, suppliers, caterers and events companies down 75% or more in turnover will benefit. Further details on the scheme will be provided shortly.

COVID-19 Business Loans: COVID-19 Business Loans up to €25,000 are available through Microfinance Ireland with zero repayments and zero interest for the first 6 months and the equivalent of an additional 6 months interest-free subject to certain terms and conditions. The loans can range from €5,000 to €25,000. Repayments will commence in month 7 for the remaining period of your loan. The Government will rebate to you the interest paid in the following 6 months (months 7-12 of your loan). The interest rate after the first 6 months will be a reduced interest rate 4.5% APR if submitted through the Local Enterprise Office Network (or other referral partners) or 5.5% APR if you apply directly to Microfinance Ireland. The loan terms are typically up to 3 years and there are no fees or charges.

General grant supports: The full range of Enterprise Ireland, IDA Ireland, Local Enterprise Office and Údarás na Gaeltachta grant supports continue to be available to eligible firms to help with strategies to access finance, commence or ramp-up online trading activity, reconfigure business models, cut costs, innovate, diversify markets and supply chains and to improve competitiveness. 

Sustaining Enterprise Fund: The Sustaining Enterprise Fund is specifically aimed at firms operating in the manufacturing and internationally traded services sectors, with 10 or more employees, that are vulnerable but viable. The fund is operated by Enterprise Ireland with amounts between €100,000 and €800,000 available to eligible companies who have been negatively impacted by COVID-19. The fund includes a 50% non-repayable grant element, up to a limit of €200,000.

Pandemic Stabilisation and Recovery Fund: The Ireland Strategic Investment Fund will focus on investment in medium and large scale enterprises in Ireland through a Pandemic Stabilisation and Recovery Fund. The fund, worth up to €2 billion, will make capital available to medium and large enterprises on commercial terms.

COVID-19 Working Capital Scheme: The SBCI COVID-19 Working Capital Scheme for eligible businesses supports loans from €25,000 up to €1.5 million (first €500,000 unsecured) with a maximum interest rate of 4%. Applications can be made through the SBCI website at Eligibility criteria apply.

Sector Specific Supports
Details of sector specific support and guidance are available at

Cash Flow Support

How to manage liquidity throughout this crisis.

Micro Enterprise

Supports for employers with less than 10 employees.

Businesses with 10+ Employees

Supports for employers with 10 or more employees.

Covid-19 Illness Benefit

Payments for self isolation or Covid-19 diagnosis.

Paying Wages during COVID-19

Assistance for employers paying salaries.

Banking Support

Information on Banking during the COVID-19 pandemic.

Revenue & Tax

Information on Revenue and Tax related issues.


Information on insurance during this period of uncertainty.