Small to medium sized businesses should benefit from the new EU Covid recovery fund that’s worth seven hundred and fifty billion euro.
So says Maria Walsh - the Fine Gael MEP for the Midlands North-West.
The European Parliament this week debated the €750bn fund which was approved by leaders of the EU27 countries earlier this week. However, MEPs criticised their decision to reduce the proportion of the fund that could be given out through grants.
That figure was reduced to three hundred and ninety billion euro (€390bn). The rest will be distributed through loans.
It’s estimated that Ireland will get about €1.3bn in grants from the fund. Here’s Maria Walsh
Out words: a whole