Irish coach hire companies have watched the value of their assets plummet due to the failure of UK operators and a flood of second-hand, unwanted vehicles on the market.
The Government has committed €10 million to help nurse the tourist end of the coach business in particular., the industry body that will administer the money through a business continuity scheme, is currently drawing up plans to allocate finances and is currently devising eligibility criteria. “It appears certain that without significant assistance from Government, many operators will not survive,” it said.
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