Ireland is in line to get €2.5bn in funding from the EU towards the cost of the Covid-19 Temporary Wages Subsidy Scheme. The money will come from SURE, a €100bn fund set up by the EU to help member states meet the cost of supporting employment through the Covid-19 pandemic.
Ireland, among other member states, submitted an application for funding to cover some of the cost of the Temporary Wage Subsidy Scheme, which has since been succeeded by the Employment Wages Subsidy Scheme.
In a statement, the European Commission said it had presented a proposal to the European Council to grant the €2.5bn sought to Ireland under SURE. Latest coronavirus stories The Council must, however, still approve the proposal, which it is thought likely it will do.