Irish response to the COVID-19 pandemic
The Economic Recovery Plan 2021 is a €3.5 billion stimulus package announced by the Government of Ireland on 1 June 2021 to achieve rapid job creation and economic growth after the COVID-19 pandemic. The plan sets out a new phase of supports, investment and policies for a new stage of economic recovery and renewal, with new measures for businesses and affected sectors, and details for existing emergency pandemic financial supports including the COVID-19 Restrictions Support Scheme, Employment Wage Subsidy Scheme and Pandemic Unemployment Payment, giving certainty to businesses and employees and for those who need it most.
Four pillars of the plan.
The Economic Recovery Plan is broken down into four pillars:
 – Reaching 2.5 million people in work by 2024.
Extension of supports
Practical supports such as individual advice, CV preparation and work placements
Upskilling and reskilling
 – Helping business to recover and embrace new opportunities.
Extension and enhancement
Support and planning for sectors that have been particularly impacted by the pandemic
Building resilient, productive and innovative businesses for the future
 – Building on the lessons of the pandemic.
Supporting a digital and green economy
Balanced regional development
Fair recovery
References.
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