The Minister for Finance has said that the Covid Restrictions Support Scheme (CRSS), which offers up to €5,000 to businesses closed or severely impacted by Covid-19 restrictions, will be extended by one week.
The extension is aimed at helping small and medium business with the costs of re-opening. Paschal Donohoe told the Claire Byrne programme that the policy would continue to support businesses as restrictions are eased next week.
The Minister said the Government will have borrowed between €18-23 billion by the end of this year as a result of Covid-19, but has benefited from a historically low interest rate in doing so.