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€4BN plan to help businesses fight back – Minister

written by Rachel McLaughlin June 2, 2021
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Featured image: Clive Wasson Photography

The Government’s new Economic Recovery Plan is set to bring certainty and relief to businesses in Donegal, Minister Charlie McConalogue has said.

The ambitious plan includes €4 billion spending and supports, with the aim of having 2.5 million people in work by 2024, exceeding pre-pandemic levels.

The plan focuses on rebuilding sustainable businesses, getting people back to work through reskilling and upskilling opportunities and strategic investment in infrastructure and reforms, particularly digital and green ambitions.

Minister McConalogue said “This week is an important moment in our fight back against the pandemic.

“Our National Economic Recovery Plan announced following our Cabinet meeting yesterday provides certainty and relief to many of our businesses in Ireland and throughout Donegal. The package of almost €4billion includes spending supports and measures to boost the economy which will have knock on impacts for jobs, for businesses and for local communities.”

Echoing An Taoiseach’s speech launching the Plan, Minister Mc Conalogue commented “This Plan will allow us to not just rebuild, but to build back better”.

Under the plan, the commercial rates waiver has been extended or an additional 3 months, covering July to September.

It is estimated that the extension of the waiver in the third quarter of 2021 will cost €160 million.

Donegal County Council recouped €14.9 million from government for applying the waiver in 2020.

 

€4BN plan to help businesses fight back – Minister was last modified: June 2nd, 2021 by Rachel McLaughlin
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Rachel McLaughlin

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