The Cabinet has approved the extension of two emergency business flooding schemes which could be worth up to €100,000 for the worst affected.
Minister for Enterprise Simon Coveney received approval to extend and enhance the schemes due to the exceptional severity of the flooding in some areas in recent weeks.
The scheme for organisations unable to secure flood insurance in Cork, Waterford, Limerick, Kilkenny and Louth will be extended to those affected by weather events in Louth, Wexford and any other areas effected by flooding in the period 24 October 2023 to 5 November 2023.
Under the first scheme of the standard emergency business flooding scheme, a contribution of up to €5,000 can be applied for depending on the scale of damage incurred.
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If the premises has incurred significant damages above €5,000, businesses can apply for additional financial support, following an assessment by the Irish Red Cross. The total level of support available for both stages combined will be capped at €20,000.
Under an enhanced scheme, higher levels of financial support will be provided for businesses that have been severely affected in certain locations.
In the first instance this will be capped at €10,000. This will be an upfront payment but will be subject to assessment.
For those businesses who have incurred significant damages there could be a further payment capped at €100,000. This payment may also be subject to spots checks and subsequent audit in the future.
