News

Strategic Investment Fund seeks new chief as O’Callaghan moves on

The head of the Irish Strategic Investment (ISIF) Eugene O’Callaghan plans to step down from his role at the end of 2020. ISIF falls under the management of the National Treasury Management Agency (NTMA), which will begin a recruitment process next month to appoint a new ISIF director. ISIF was created in December 2014 from […]

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Germany agrees €10 billion extension of Covid-19 relief

German coalition parties have agreed to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to €10 billion. The measures include prolonging a short-time work scheme and freezing insolvency rules.  The German economy contracted at its steepest rate on record in the second quarter. The […]

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Funding relief for businesses hit by Storm Ellen

Up to €20,000 in emergency funding will be made available for small businesses affected by flooding caused by Storm Ellen in Cork this week. The funding will also be available to help community and sporting groups get back on their feet, as part of an extension to the Humanitarian Support Scheme. “It’s been a really […]

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Funding and grant opportunities currently open to SMEs

There are many funding programmes for entrepreneurs opening throughout the year, and as the country re-opens there are more grants being offered to help support SMEs during the Covid period.  Below are a selection of some the current funds and supports open for applications.  Acorns: the accelerator focused on supporting early stage female entrepreneurs living in […]

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10% of property sales renegotiated with small reduction – SCSI

About one in ten property sales was renegotiated due to Covid-19 with an average price reduction of 3%, a survey of over 260 estate agents carried out by the Society of Chartered Surveyors of Ireland shows. About two thirds of practitioners said property values had remained unchanged compared to the situation before the pandemic and the […]

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Irish talent tech is helping businesses and employees to learn and thrive

n these turbulent times, many firms are viewing the period of disruption as an opportunity to reassess and improve how they care for and develop employees – and ultimately build better organisations. Irish talent tech firms are supporting HR and organisational development departments at global firms as they examine how a push for employee development, […]

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Grant worth €1,000 to support ‘white-van man’, taxi drivers and plumbers

Sole traders and tradesmen affected by Covid-19 can avail of a new €1,000 one-off grant for related expenses. The funding – which has been dubbed the ‘white-van man’ grant – will be available to self-employed workers and small business owners. The grant is aimed at sole traders such as plumbers, electricians, carpenters and taxi drivers […]

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Hotel brand launches with €16m investment

A new hotel brand, ‘The Address Collective’, has been launched following a €16m investment by the McGettigan family. It comes amid what is an exceptionally difficult time for domestic tourism as Covid-19 continues to hinder travel. The brand is currently made up of three well-established hotels: The North Star Hotel in Dublin 1, The Kingswood […]

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Retailers can get €40k grants to boost online sales

Enterprise Ireland has re-opened a grant scheme that pays up to €40,000 to Irish-owned retail businesses to develop their online sales channels, especially for export markets. Yesterday the agency launched a €5.5m programme that is expected to attract bids from hundreds of firms. Grants can cover 80pc of an investment in improved online sales channels. […]

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Oracle’s Irish arm returns to profit, acquires $11.4bn in IP rights

Enterprise technology giant Oracle’s main Irish arm bounced back from a near €500 million loss last year as it acquired $11.4 billion in intellectual property rights from another group company by way of a promissory note. Oracle EMEA Limited, which employs more than 1,400 people in Ireland, recorded a €504 million pretax profits for the year ending […]

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