Less Than 20 Applications Made For New Business Supports

The low uptake is being put down to a low approval rate.

There's been a very low uptake from businesses on the business support measures to help them get through the Covid-19 crisis.

There have been just 13 applications for the Sustaining Enterprise Fund for large businesses and six applications for the same fund for smaller business.

Separately the numbers applying for the grant schemes have far outnumbered the numbers which have been approved.

Fianna Fail business spokesman Robert Troy said interest rates were too high for many businesses to even apply for the grant:

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