Businesses set for €6.5bn rescue package to save economy from collapse

Companies to have commercial rates bills written off up to €10,000

Aiden Corkery

Political Correspondent @aiden_corkery
3rd May, 2020
Businesses set for €6.5bn rescue package to save economy from collapse
Minister for Finance Paschal Donohoe signalled that the bailout package was the main support for struggling businesses for now, rather than a wider debt relief scheme

Businesses are set to get a €6.5 billion bailout package in a bid to stave off the risk of a complete collapse in the economy resulting from the Covid-19 pandemic.

The package has received a broad welcome from business groups, but a crucial €2 billion credit guarantee fund cannot be set up until a new government is formed.

Speaking to the Business Post, Minister for Finance Paschal Donohoe signalled that the bailout package was the...

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