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Galway Chamber Broadly Welcomes the Government Announcement on its Economic Recovery Plan

Galway Chamber, along with colleagues in Chambers Ireland, broadly welcomes the announcement from Government earlier this week on its Recovery Plan.

Taoiseach Micheál Martin, Tánaiste Leo Varadkar and Minister Eamon Ryan on Tuesday launched the Economic Recovery Plan 2021 to achieve rapid job creation and economic growth after the pandemic.The plan also sets out a new phase of supports for the next stage of recovery, and aims to exceed the pre-crisis employment levels of 2.5 million people in work by 2024.

The plan sets out new measures for businesses and affected sectors as the economy opens up, and details for existing emergency pandemic financial supports including the Covid Restrictions Support Scheme (CRSS), Employment Wage Subsidy Scheme (EWSS) and Pandemic Unemployment Payment (PUP) is broadly positive in providing assurances in the short term.

Galway Chamber, along with colleagues in Chambers Ireland, have been continuous advocates for the ongoing support of businesses and broadly welcome the clarity provided by Government on how long these supports will be available for.

J.P Gilmartin, President of Galway Chamber, commented, “The announcement from Government this week was broadly positive in providing assurances to the business community in the short term, helping sustain viable businesses. This will enable them to plan for a return to trading and assist in restoring the economic health of their businesses.”

The recent eligibility extension of the Small Business Assistance Scheme (SBASC) is also welcome by Galway Chamber, but clarity on application criteria for this scheme, and other restart grants must be made public as soon as possible.