Flooding support fund of €5m announced

Economy, Finance | Wed 9 Dec | Author – Business & Finance
Storm Desmond Defence Images

The Government has confirmed an allocation of €5m fund for businesses which suffered property damage in flooding caused by Storm Desmond.

The fund will be administered on behalf of the Government by the Red Cross.

Many of the areas affected by the worst of Storm Desmond will be hit by more bad weather today.

Met Eireann has issued a status yellow alert weather warning today for Connacht, Donegal, Clare and Kerry.

Speaking earlier today, Minister for Defence Simon Coveney TD said: “I welcome this recognition by Government of the impact of the floods on businesses. The impact in the peak Christmas period for businesses is particularly severe.”

The fund is intended for businesses in towns recognised to be at flood risk by the OPW and which have been unable to get flood risk insurance.

A detailed criteria is due to be finalised over the coming days.

Photo: Defence Images