Expansion of Trading Online Voucher Scheme and reduction in Microfinance Ireland interest rate announced

Minister for Business, Enterprise and Innovation, Heather Humphreys TD, has announced a major expansion of supports for businesses impacted by COVID-19, including an expansion of the Trading Online Voucher Scheme & a reduction in the interest rate for Microfinance Ireland loans.

Local businesses that previously benefited from the Trading Online Voucher Scheme can, from today, apply for a second voucher of up to €2,500, with co-funding of 10%. The voucher can be used to help add payment or booking systems to websites, along with subscriptions to low-cost online retailing platform solutions.

A substantial reduction in interest rates on Microfinance Ireland loans was also announced, bringing the rate down to 4.5%, where applications are made through your Local Enterprise Office.

Please contact your Local Enterprise Office for either of these schemes.

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