Advertisement

News

"Stay-and-Spend" Initiative To Be Launched To Boost Tourism

Emma Tyrrell
Emma Tyrrell

07:11 23 Jul 2020


Share this article


The government will launch a new stay-and-spend initiative later as part of efforts to boost tourism.

It will see people getting money back for holidaying in Ireland in the form of a tax credit or rebate.

It's expected that a spend of around €600 on accommodation and restaurant bills will entitle people to €125 back.

The imitative is the way the government has decided to proceed with supports for the tourism sector.

The July stimulus will be launched this afternoon following a cabinet meeting in Dublin Castle.

Pay schemes

It's expected both the Pandemic Unemployment Payment and the Temporary Wage Subsidy scheme will be extended until April next year.

The unemployment payment will be reduced in September to €300 a week, with further evaluated early next year.

While the structure of the wage subsidy scheme is likely to be changed and reduced over time as well.

Funding

The stimulus package is expected to be in excess of €7 billion and will include funding for most departments.

It's likely to include significant funds for the retrofitting of schools, colleges and hospitals to allow them to re-open with social distancing guidelines.

There will also be significant business supports in the form of increased re-start grants and access to low cost loans through the credit guarantee scheme.

Follow @98FM on Twitter for the latest Dublin news


Share this article


You might like