Cabinet approves new support measures for businesses

Among the measures will be an additional targeted cash payment to businesses in the retail and hospitality sectors using the unused funds in the Government's Increased Cost of Doing Business Scheme.

Funding for energy efficiency measures for small and medium sized firms will also be increased under the Government package, which will be formally announced tomorrow. "What we are seeing is there is a substantial amount of small businesses, especially in the hospitality sector, or food led businesses, still closing down - two a day is our average at the moment," said Adrian Cummins, CEO of the Restaurants Association of Ireland.

It is understood that the Minister for Enterprise has written to the Low Pay Commission, however, to ask it to consider a recent report which looked at the cumulative cost to business of Government imposed policy changes.

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