Businesses that struggle during the Covid-19 crisis can seek a deferral in commercial rates payments
Donegal businesses hit by the Covid-19 crisis can defer commercial rates payments until the end of May this.
Donegal County Council is encouraging businesses who are concerned about rates payments to get in contact about deferral.
The council said it recognises that businesses are facing incredibly challenging times.
Each business will be dealt with on a case-by-case basis, the council said.
Richard Gibson, the council's head of finance, said: “The impact for businesses is not uniform and, for this reason, we must consider each situation on a case-by-case basis. We recognise that some businesses, especially those in the hospitality and tourism sectors, leisure, childcare and many other small and medium-sized retailers, are facing cash-flow and liquidity challenges.”
Income from commercial rates makes up approximately 24% of Donegal County Council’s budget each year and is critical for the continuing operations of services such as Fire and Emergency Services, Flooding Emergency Responses, Housing, Roads and other key services.
Garry Martin, Director of Economic Development with Donegal County Council, said: “We are aware of the impact the measures introduced to help prevent the spread of Covid-19 are having on the business sector in Donegal and we are committed to supporting businesses during these challenging times and in helping them access government supports as and when required. I would urge businesses to keep in contact and engage with us in the coming weeks and months.”
The council’s Local Enterprise Office is making free online and telephone mentoring available to any business seeking assistance in addressing emerging issues and in developing their cash flow projections and short action plans to address the identified issues. In addition, Business Continuity Vouchers of €2,500 to support business continuity preparedness, innovation and productivity are also being made available from the Local Enterprise Office.
Information on other government supports, including financial support for working capital and business continuity planning checklist, as well as supports from various business support organisations, is also available at www.donegalcoco.ie.
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