The new business continuity voucher is now available through Local Enterprise Office Mayo and is open to sole traders and companies across every business sector locally that employ up to 50 people, the Minister for Business, Enterprise and Innovation, Heather Humphreys T.D. has announced.
The voucher is worth up to €2,500 in third party consultancy costs and can be used by companies and sole traders in Mayo to develop short-term and long-term strategies to respond to the Covid-19 pandemic. The goal is to help business owners make informed decisions about what immediate measures and actions should be taken to protect staff and sales.
Making the announcement, Minister Humphreys TD said: "I know that this is a very worrying time for businesses. As part of the package of supports that I announced earlier this month, I am making a €2,500 voucher available through the Local Enterprise Offices from today to enable enterprises to avail of vital business continuity advice. This will assist them to develop strategies to deal with the COVID-19 outbreak in both the short-term and long-term."
She added: "The voucher will give companies access to contingency planning advice that will help them to continue trading through this crisis and to be ready for the recovery phase, when it comes. It will also help firms to prepare a business case so that they can apply for emergency financial interventions through the banks, the Strategic Banking Corporation of Ireland or Microfinance Ireland."
The scheme is open to all types of businesses, across all industries and sectors that employ up to 50 people. To apply, companies or sole traders fill out a short application form and submit it directly to Local Enterprise Office Mayo by e-mail. When a company is issued with a voucher for third party consultancy, they begin working directly with a qualified expert, selected from existing Local Enterprise Office and Enterprise Ireland panels.
Elaine Moyles Assistant Head of Enterprise with Local Enterprise Office Mayo in Mayo County Council welcomed the launch of the new support, saying: "For a huge number of small businesses, survival is the over-riding objective at this time so making the right decisions is crucial. There is where the new Business Continuity Voucher can help."
She added: "The kind of areas that the voucher will help will vary, depending on the needs of each local business, but it will include very important measures such as preparing a business case for application to emergency funding, developing a business continuity plan, reducing variable costs or implementing remote working procedures."
To apply for the Business Continuity Voucher, companies can submit a short application form to Local Enterprise Office Mayo by e-mail: [email protected]. Application forms are available to download from www.LocalEnterprise.ie/Response Details of other business supports available from the Department of Enterprise, Business and Innovation can be found at https://dbei.gov.ie/en/