Struggling businesses could be able to apply for loans

Businesses which are struggling because of the Covid-19 pandemic may be able to apply for loans to help them stay afloat.

The Government’s given the go ahead for a two billion euro financial support plan, which if passed by the Oireachtas, would give thousands of SMEs access to low cost loans.

80% will be underwritten by the State, making it the largest credit guarantee scheme in the history of the country.

Tanaiste Leo Varadkar explains how it'll work - press PLAU