![\"Fire](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/05\/0024570d-614.jpg\"\/)
\nFire services tackling the blaze on Saturday night<\/p>\n
The Government has signed off on a new \u20ac750,000 scheme for businesses affected by the fire last weekend at the Tycor Business Centre in Waterford city.<\/p>\n
Up to 40 premises as well as community groups and social enterprises lost their units in last weekend’s fire, impacting hundreds of people.<\/p>\n
The scheme will provide for once-off financial support of up to \u20ac30,000 to businesses subject to assessment by the local authority.<\/p>\n
This will also be in conjunction with the development of a recovery plan for the business supported by the Local Enterprise Office.<\/p>\n
An initial ex-gratia payment of up to \u20ac5,000 is to be made available.<\/p>\n
The Government has also agreed the development of a dedicated support loan for businesses and organisations impacted by the fire.<\/p>\n
\nFire services tackling the blaze on Saturday night<\/p>\n
The financial assistance follows a meeting between Minister for Enterprise, Trade and Employment Peter Burke and Minister of State John Cummins and businesses in Waterford on Tuesday.<\/p>\n
The scheme was approved at a Cabinet meeting this afternoon.<\/p>\n
The scheme will the administered by Waterford City and County Council in cooperation with the Local Enterprise Office.<\/p>\n
The local authority will have responsibility for determining the eligible businesses and community, voluntary and sporting organisations.<\/p>\n
The Government has said the aim of the scheme is to support businesses continuity and to limit the potential for job losses in the area.<\/p>\n
Following this afternoon’s meeting, Minister Burke said the Government had “responded rapidly to this devastating fire”.<\/p>\n
He said: “I have received agreement to develop a new \u20ac750,000 scheme that will help these small businesses get back on their feet and start trading again.<\/p>\n
“The scheme will provide for up to \u20ac30,000 in funding, of which up to \u20ac5,000 will initially be made available to businesses impacted while the scheme details are being finalised.<\/p>\n
“The Tycor Business Centre was a hugely important part of the local economy and was home to a variety of businesses and community groups where up to 200 people worked.”<\/p>\n
Government Chief Whip and Minister of State at the Department of Health with Special Responsibility for Mental Health Mary Butler said: “This was a devastating incident in the heart of Waterford and the fallout has been far reaching.<\/p>\n
“Many local businesses, social enterprises, community groups and a day service for people with disabilities have felt severe effects.”<\/p>\n
Minister Cummins added: “What has occurred in Tycor is an unprecedented situation and our thoughts remain with those affected by this fire.<\/p>\n
“I hope that these supports will offer comfort and clarity to business owners who saw their lives turned upside down as recently as six days ago.”<\/p>\n
The company that owns the Tycor Business Centre in Waterford city has said the cause of the fire that broke out at the premises remains under investigation.<\/p>\n
Causeway Group, one of Waterford’s most prolific property management companies, owns the majority of the business centre that is located at the old Jute Factory.<\/p>\n
The group’s CEO, Sean Johnston previously told RT\u00c9 News that investigations into the how the fire started are continuing and CCTV has been passed on to the garda\u00ed.<\/p>\n","protected":false},"excerpt":{"rendered":"The Government has signed off on a new \u20ac750,000 scheme for businesses affected by the fire last weekend…\n","protected":false},"author":2,"featured_media":442590,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,60,43],"class_list":["post-451397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-ie","tag-ireland","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/451397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=451397"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/451397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/442590"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=451397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=451397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=451397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}