SMEs wary of new wage subsidy scheme

The EWSS, which businesses fear could lead to cashflow problems, replaces the existing scheme and comes into force this Tuesday

30th August, 2020
SMEs wary of new wage subsidy scheme
Under the TWSS, payment of the subsidy took place within days, but under the new scheme it could take six weeks for the money to arrive into an SME’s bank account

Paschal Donohoe was prevalent on the nation’s airwaves on Friday as he extolled the virtues of the new employee wage subsidy scheme (EWSS) and encouraged employers to sign up for it.

It comes into force on Tuesday and replaces the temporary wage subsidy scheme (TWSS), which Donohoe quite rightly heralded as a “massive success” since its launch at the beginning of the pandemic.

That scheme helped to protect jobs, incomes and...

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