The BTA will be posting regular updates during the current crisis to keep our members informed of ongoing Government discussions and advice.
Update no 2 The new Coronavirus Business Interruption Loan
Fishery, aquaculture and agriculture businesses can apply for Coronavirus Business Interruption Loans. You will not be charged an administration fee, nor any interest for the first 12 months, which amounts to a “state aid”. Government Covid-19 support to the sector must comply with the EU state aid Temporary Framework, which for the agricultural sector means support per applicant of up to €100k and for the fisheries & aquaculture sector €120,000. The loan interest and fees would count towards this ceiling, not the loan value.