European Commission approves €11.5m aid for Irish events sector

The scheme, which will take the form of direct grants, will be open to micro, small and medium-sized enterprises in the arts and culture sectors

The Commission said the measures were brought in to mitigate the sudden liquidity shortages that arts and culture companies have faced throughout the pandemic. Picture: Getty

The European Commission approved a €11.5 million Irish State Aid scheme to support pandemic-stricken companies in the country’s events sector.

The funding will be distributed via direct grants and will be available to micro, small and medium-sized enterprises in the arts and culture sectors or active in the broader events sector.

To qualify for the scheme, a company must not have reported a turnover between October 2020 and end of March 2021 that was more ...