Government allocates €1.3bn for businesses and venues hit by corona rules

Businesses hit by the reintroduction of coronavirus restrictions will again be able to claim compensation from the government to cover their running costs.

The government has set aside €1.3 billion to support companies, event organisers, cultural institutions and sports clubs affected by the rules that came into force on Saturday.

Companies whose turnover drops by at least 30% can apply for a TVL payment to cover their overheads, while organisers of events that have had to be cancelled can claim a 100% subsidy.

Events can only go ahead if they finish by 6pm, with capacity limited to a maximum of 1,250 people who must have an allocated seat. The rules will apply until at least December 4.

Cultural venues can claim up to 55% of lost ticket revenue via the Fonds Podiumkunsten and can also apply for TVL funding if they are facing significant losses.

Another €36 million is being made available for professional sports clubs who are having to hold matches behind closed doors, while the amateur sports sector will receive up to €5 million.