Storm Babet

State to increase Storm Babet flood aid to €70,000 for worst-hit firms

Government also pressuring insurance sector on quick payouts to Cork and Waterford firms with catastrophic damage after Storm Babet

Flooding on Main Street in Midelton, Co Cork after the Owenacurra River burst it's banks following heavy rain. Picture: Michael Mac Sweeney/Provision

The government is planning to more than triple to €70,000 the amount of money that businesses worst hit by Storm Babet can claim in emergency grants after historic floods in Cork and Waterford last week, the Business Post has learned.

Simon Coveney, the minister for enterprise, will bring a memo to cabinet on Tuesday proposing improvements to the existing flood relief scheme for businesses in the towns most impacted by a storm that brought ...