The European Commission has given the green light to the Government's €200m scheme to support firms through the Covid-19 outbreak here.
The Commission has found the plan to be in line with EU state aid rules under the temporary framework it has put in place to support the European economy through the crisis. "With this €200m Irish scheme, approved under the new State aid Temporary Framework, we continue to work with Member States to ensure timely support to the economy through these difficult times," said Executive Vice-President Margrethe Vestager. "This measure will, in the form of repayable advances, help companies affected by the coronavirus outbreak to weather this crisis and bounce back strongly afterwards," Ms Vestager said.