Chamber welcomes July Stimulus package

by Gazette Reporter

Fingal Dublin Chamber has welcomed the July Stimulus package – but called for additional funding for “active travel infrastructure”.

Its Chief Executive Anthony Cooney said the package announced last week will provide breathing space for local businesses until Budget 2021.

But he warned that ongoing commitments to a wage support scheme, expanded grant aid, liquidity supports and a tax rebate for tourists were not enough.

He said: “The priority now must be to ensure that the schemes and funds announced are immediately available to business. There needs to be rapid implementation.

“However, we are conscious that some of the measures, particularly the rates waiver, may fall short of what is needed.

“Our own data has shown us how deeply impacted businesses in local economies have been because of COVID-19.

“Many will struggle to pay commercial rates and other bills this year, which will leave local authorities in a very vulnerable position at a time when we need them to be supporting and investing in local economies more than ever.”

The Chamber has called for a rates waiver for impacted businesses for up to 12 months, with central Government providing the shortfall in funding to councils.

Mr Cooney said: “Businesses that are trying to trade through these circumstances must consider timelines that cover six-month, 12-month, and 18-month periods.

“If government activity is to be effective, it will have to provide the private sector with guidance that extends across such timespans.”

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