Chamber News

Online trading a lifeline for business - additional funding welcomed

Chambers Ireland today (8th June 2020) welcomes news from the Department of Communications, Climate Action and Environment and the Department of Business, Enterprise and Innovation, that the Trading Online Voucher Scheme has received additional funding.

Speaking this afternoon, Chambers Ireland Chief Executive Ian Talbot said, “Today’s announcement from Minister Humphreys and Minister Bruton that an additional €14.2 million will be made available for the Trading Online Scheme will be widely welcomed by businesses all over the country.

“The demand for the Scheme over the past number of months has been significant. The ability to trade online has been a lifeline for so many businesses during the lockdown and will continue to be a valuable support, even as we move to Phase Two of reopening the economy. We had been raising the need for additional funding with Minister Humphreys, and so today’s news will be a relief to the many still hoping to apply.

“COVID-19 has been extremely challenging for our local economies, and we are by no means out of the woods just yet. However, the capacity of businesses to innovate, particularly SMEs, during lockdown has proven to be a saving grace for so many retail and hospitality businesses.

“Our message to Government is to emphasise that businesses have suffered immense economic damage over the past two to three months and will require as much financial support from the State in Phase Two and future phases, as they did during the lockdown.

“If this support does not materialise, we risk permanently losing jobs over the coming months, further compounding the damage to the Irish economy. We call on this Government, and the next, to ensure that businesses are appropriately supported to trade through this pandemic. All supports, financial and otherwise, must be made available in a timely and accessible manner, so that the recovery reaches all sectors, in all parts of the country.”

 

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"Waterford is a very attractive location for Foreign Direct Investment as it is a dynamic city which is very much open for business – the city has a proven track record of attracting investment from start-ups and expanding business, who are hugely supported by Waterford Chamber. The city, county and region offers a young, well educated workforce and is easily accessible for international visitors. Waterford’s quality of life for employees is exceptional as it blends elements of rich cultural heritage with a new and vibrant lifestyle – with new additions such as the Greenway further showcasing the county to not only locals, but visitors from all over Ireland and overseas. The Chamber has been a vital link in welcoming our companies into the local Business Community – helping them not only network, but also gain a sense of community and belonging."

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