An Economic Recovery Plan for Ireland was announced on 1 June 2021. The Plan will support the resumption of economic activity and get people back to work as Ireland opens up and recovers from the COVID-19 pandemic.
The Plan is set out under 4 pillars:
Pillar 1: Ensuring Sustainable Public Finances
Pillar 2: Helping People Back into Work
This pillar includes the extension of existing emergency pandemic financial supports including the Employment Wage Subsidy Scheme (EWSS) and the Pandemic Unemployment Payment (PUP).
Pillar 3: Rebuilding Sustainable Enterprises
Pillar 4: A Balanced and Inclusive Recovery
You can also get information on the National Recovery and Resilience Plan (pdf) which sets out how Ireland plans to utilise an initial allocation of €915 million in grants from the EU’s Recovery and Resilience Facility – which supports economic and social recovery, and addresses green and digital issues.
The Plan sets out 3 priorities:
Priority 1: Advancing the Green Transition (€503 million)
Priority 2: Accelerating and Expanding Digital Reforms and Transformation (€295 million)
Priority 3: Social and Economic Recovery and Job Creation (€181 million)
The National Recovery and Resilience Plan will work alongside and reinforce the Economic Recovery Plan (pdf). The draft National Recovery and Resilience Plan will be formally assessed by the European Commission, expected to take two months, before being submitted to the Council of the European Union for approval.