Fine Gael senator John Cummins announced that homes and businesses located in West Waterford and East Waterford can avail of extra funding for the recovery from flooding damages.
Senate Cummins stated that the Cabinet has approved an increase of EUR3 Million in funding provided to the Humanitarian Assistance Scheme by the Department of Social Protection.
Two new Emergency Business Flooding Schemes have been launched for businesses and organisations that are unable to obtain flood insurance or who were affected by the recent flooding.
I am pleased with the details of these funding streams. They will help homeowners and businesses in Waterford, who were most affected by flooding. After meeting with those who were affected at the weekend, I was convinced that the means-test needed to be relaxed. The amounts available also required an increase. This was what I told the Taoiseach, line ministers and my Cork colleagues. Thankfully both suggestions have been taken into account” stated Senator Cummins.
Flooding caused by Storm Babet has affected many properties, including those that were directly affected. The Humanitarian Assistance Scheme can help.
The scheme provides financial assistance based on income to those whose houses are affected by severe weather and flooding. This includes people who cannot afford to pay for household goods, structural repairs and essentials. The income limit for this scheme has also been increased.
The income limit for the Scheme has been increased with immediate effect from EUR30,000 up to EUR50,000 per person for singles, EUR50,000 up to EUR90,000.000 for couples, and EUR10,000-15,000 for each dependent child.
Senator Cummins said that since October 19, over 223 payments worth more than EUR150,000 were made to those who had been affected by recent floods.
The standard Emergency Business Flooding Scheme has two phases for businesses that are affected by floods. First, the scheme will be implemented immediately. It will offer a maximum contribution of EUR5,000 depending on damage.
Payments will be processed as quickly as possible. Businesses can request additional financial assistance if the damage to the property exceeds EUR5,000. This is determined by an Irish Red Cross assessment. Total support for both phases combined is capped at EUR20,000.
The Government agreed that, due to the extreme severity of flooding in certain areas, it would activate the Enhanced Emergency Business Flooding Scheme. This scheme provides higher financial assistance to businesses who have been affected severely in specific locations. Senator John Cummins stated that.
The second stage will be similar to the first, but it will probably only apply in areas that are most severely affected. For example, Midleton. Initial application will lead to quick payment with a cap of EUR10,000. This will be a one-time payment, but it is subject to an assessment after payment. Businesses will have to reimburse any excess payments.
Some applicants have suffered significant losses and will need assistance in excess of EUR10,000. A second step will be required in this situation to provide a detailed evaluation of the loss suffered.
The total amount available for the initial payment and any subsequent payments will be capped at EUR100,000. The payment could also be subjected to spot checks in future and a subsequent audit.
The communities of West Waterford and East Waterford deserve praise for their efforts to pull together during a time that has been very difficult. “I sincerely hope that the funding schemes announced in this week help those affected to get their lives back on track.” Senator Cummins said.
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