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Government's $750K Package for Tycor Fire Victims
Description
Government Unveils €750K Support Package for Tycor Business Centre Fire Victims
The Irish government has announced a €750,000 aid package for businesses affected by the massive fire at Tycor Business Centre in Waterford. The scheme includes one-off grants of up to €30,000 and loans of up to €50,000 from Microfinance Ireland at a fixed 5.5% interest rate over five years. The first payment of €5,000 will be made immediately to help businesses get back on their feet. The fire, which put around 200 jobs at risk, has been met with a quick community response, with local ministers and organizations rallying to help with lost gear, stock, and livelihoods. The government has pledged to support the rebuild process, with the understanding that the road to recovery will be long.
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