Sunday 28 November 2021

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

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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.

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