Following the extensive damage caused by Storm Babet last week, the Irish government is finalising a plan to offer significant financial relief to affected businesses. According to reports in The Irish Examiner and The Irish Times, Minister for Enterprise Simon Coveney will present a proposal to the Cabinet, offering payments that exceed the current €20,000 cap under existing business flood-relief programmes.
Government sources have indicated a strong push for assessed and audited payments surpassing €70,000 for the businesses most severely impacted by Storm Babet. Approximately 100 businesses in Cork and Waterford, which bore the brunt of the flooding, are expected to benefit from this enhanced assistance. The administration of these funds will be entrusted to the Irish Red Cross.
Deirdre Garvey, Secretary General of the Red Cross, informed the public that her organisation has briefed the government on the financial requirements for aiding flood-affected businesses. She anticipates an increase in the funds allocated, with disbursements expected later this week. Ms. Garvey explained the application process for businesses, offering an email address, emergencyflooding@redcross.ie, and assured that the details for the application process will be readily available on their website as soon as the Cabinet decision is finalised.
The Red Cross programme is designed to support businesses, while household assistance will be facilitated through the Department of Social Protection’s Humanitarian Assistance Programme.
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