Covid-hit firms hail €5,000 payment plan

Business groups welcome wage support extension and CRSS scheme

Chairman SME Recovery Ireland John Moran said CRSS replicates the Danish-style fixed-cost compensations scheme. Photo:Gareth Chaney/Collins

Plans by the Government to support firms through the Covid-19 crisis in a package of measures called the Covid restrictions support scheme (CRSS) has generated widespread support from business groups.

Representatives of SMEs and business groups worst hit by the crisis — including the tourism and hospitality sectors — gave the budget package a broad welcome, but some want to see more detail about other plans to extend the wage subsidy scheme through 2021.