By using this website, you consent to our use of cookies. For more information on cookies see our privacy policy page.

Text Size: a a
HomeA-Z IndexSubscribe/RSS Contact Us Twitter logo small white bird

Liquidity and Access to Finance supports for COVID-19 impacted businesses, including farmers and fishers


In order to mitigate the financial impact of the COVID-19 pandemic, Government has engaged with the banks on the specific liquidity and financing needs of farmers, fishers and agri-food businesses. The need for the banks to support and work with their customers through this challenging period has been stressed. All the banks have announced flexibility for customers, including the provision of payment holidays or emergency working capital facilities. The advice is that farmers, fishers and agri-food businesses should engage with their bank at an early stage to discuss emerging cashflow issues.  DAFM continues to engage with the banks and the Department of Finance in this regard.

Access to Finance supports

Current eligibility for access to finance (liquidity) supports


Agri-food businesses

Primary Production

Microfinance Ireland*



Covid 19 Credit Guarantee Scheme


Yes **

SBCI Covid19 Working Capital Scheme



*The MicrofInance maximum loan amount has been increased to €50,000 for businesses impacted by COVID-19;


DAFM is engaged with the Department of Business, Enterprise and Innovation and the Department of Finance on further liquidity and access to finance measures for impacted businesses: 

  • On the 7th of September 2020 Minister McConalogue alongside  the Tánaiste and Minister for Finance, launched the €2 billion COVID-19 Credit Guarantee Scheme, the largest of its kind in the history of the state. As recovery begins, many COVID-impacted businesses will require additional liquidity and working capital facilities. The COVID-19 Credit Guarantee Scheme is designed to incentivise finance providers to continue to support economic activity by providing liquidity and finance agreements to businesses.  The Scheme is targeted towards businesses which have experienced an adverse impact of minimum 15% in actual or projected turnover or profit due to the impact of COVID 19 and have difficulties in accessing credit.  The CCGS will provide an 80% State-backed guarantee on bank lending to SMEs until the end of this year, for terms between 3 months and 6 years. The scheme will be administered for the State by the SBCI and SMEs will be able to go directly to the banks. The guarantee can be used for a wide range of lending products between €10,000 and €1 million, for terms between 3 months and 6 years. It will be available to all SME sectors, including primary producers, i.e. farmers and fishers

  • The €200million second tranche of the Future Growth Loan Scheme for capital investment, 40% (€80million) ring-fenced for farmers, fishers and agri-food SMEs.
  • The €375million Covid-19 Working Capital Loan Scheme – open to SMEs and mid-caps (i.e. up to 500 employees); an additional €125m is being added to €250m in funding reallocated from the Brexit Loan Scheme; 40% (€150m) of which is ring-fenced for food businesses and other agri-food businesses outside the farm gate (due to technical considerations arising from the InnovFin guarantee, the Scheme is not available to primary producers).


Further information on these and other supports is available via the following link: