15th November 2020 Businesses in Kerry should apply for the extended Apprenticeship Incentivisation Scheme – Griffin Businesses in Kerry should apply for the Apprenticeship Incentivisation Scheme which is now being extended until mid-2021, Deputy Government Chief Whip Brendan Griffin TD has said. Deputy Griffin said: I am delighted to receive confirmation from the Minister for Further and Higher Education, Research, Innovation and Science Simon Harris TD that the Apprenticeship Incentivisation Scheme is being extended for businesses to apply to it. “So far 18 businesses in Kerry have applied for the scheme, which is designed to support employers to continue to recruit apprentices during the immediate Covid-19 period. “It ensures that businesses who take on an apprentice are hired at €2,000 per apprentice and another €1,000 if the apprentice is still on the books for a year. “This is a good model. It allows a person to earn and learn and allows businesses to train recruits and get some payment for it. “Minister Harris is also developing a new Action Plan for Apprenticeship, but the scheme has offered a lifeline to many businesses seeking to take on apprentices and security for the apprentice. “SOLAS has also moved to simplify employer access to apprenticeship through a relaunched website at www.apprenticeship.ie where employers can find information on participating in apprenticeship or, indeed, discover how to kick-off the development of new apprenticeship programmes,” Deputy Griffin concluded. Speaking today, Minister Harris said: “Covid-19 has upended all our lives. While the challenges the crisis presented are unprecedented, they also open up unique opportunities for us. “In this week’s Budget, we secured a package of €118 million to help thousands of you reskill and retrain in areas where we need more workers or where there is potential for future employment. “One area we will focus on is the area of apprenticeship. We have also secured funding to expand training courses in retrofit skills to 1,500 people per annum. We will extend programmes to include 500 places for people in search of employment in this developing area as well as providing more places for people in the construction sector. “2020 has been an incredibly difficult year for businesses and people with us all having to adapt to new ways of working. We will also roll out a new climate action upskilling scheme through Skillnet Ireland. Skillnet programmes are industry led. Courses will be designed by industry, for industry and will give businesses the skills to adapt to a sustainable, low carbon economy.So log on to www.gov.ie and find out more.” ENDS For further information please contact Brendan on 087-6528841
October 16, 2020
Kerry businesses should apply for new Brexit loan as transition period nears an end – Griffin Small businesses in Kerry should apply for a new loan to help them prepare for Britain’s exit from the single market and customs union at the end of this year, Deputy Government Chief Whip, Brendan Griffin TD has said. Deputy Griffin said, “I know that Brexit will be challenging for businesses and they want to be prepared, so I welcome the opening of this new scheme by the Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. “The new Microfinance Ireland (MFI) Brexit Business Loan, will provide up to €25,000 to businesses whose turnover already is or is likely to fall 15% or more or if the business has a short term cashflow need as a result of Brexit. Loans are available for between six months and three years. “Any business, including a Sole Trader, Partnership or Limited Company, with less than 10 employees and annual turnover of up to €2 million can apply, where they are unable to secure finance from a Bank or commercial lending provider. “Kerry businesses can apply though their Local Enterprise Office Network or can apply directly to Microfinance Ireland (MFI). “There are less than 50 days until the end of the transition period on 31 December. It is urgent that all businesses large and small in Kerry now revisit their readiness plans. “From 1 January, the UK will no longer apply the rules of the EU’s Single Market and Customs Union. This means that any business that moves goods from, to or through Great Britain will be subject to a range of customs formalities, SPS checks and other regulatory requirements that do not apply to such trade today. “There is now an extensive range of training material and information available online on the Government’s new Brexit Information Hub to help businesses prepare for Brexit and the lasting change that it will bring. The hub can be accessed via Gov.ie/getbrexitready,” Deputy Griffin said. Announcing details of the scheme, Minister Varadkar said: “I know it’s been a really hard year, especially for our small, local businesses and imminent Brexit feels like another bodyblow on the way. This new loan is just one of the ways we are helping business to prepare. “It will provide low cost finance of up to €25,000 and business owners can apply through MFI. 77% of MFI’s lending is to businesses outside of Dublin, which is important as businesses all over Ireland will feel the negative effects of Brexit. “If you are a business owner and are wondering where to start, I’d recommend filling out our Brexit Readiness Checker first and having a look at what needs to be done in your business. Then please reach out and use the help that’s there.” ENDS Notes to Editors: Product Features • Loans from €5,000 – €25,000* • Loan Terms from six months to three years** (shorter terms depending on purpose) • Interest rate of 4.5% APR if submitted through the Local Enterprise Office Network or other referral partners, or 5.5% APR if you apply directly • No fees/charges or any hidden costs • Fixed repayments with no penalty for early repayment * The maximum credit exposure for all MFI borrowings is €25,000 **Depending on the term of the loan, interest only repayments for three months may apply in line with our standard products Who can apply? • Any business* (Sole Trader, Partnership or Limited Company) with less than 10 employees and annual turnover of up to €2m • Unable to secure finance from a Bank or commercial lending provider • Business turnover is or potentially could be impacted by a minimum of 15% or the business has a short term cashflow need as a result of Brexit. * While Businesses involved in Alcohol Production are deemed to be an excluded sector for MFI Loans, they are eligible to apply for an MFI Brexit Loan For further information please contact Brendan on 087-6528841New!!
November 24, 2020