As part of a number of response measures, a €250m Restart Grant was introduced to provide additional support for micro and small enterprises. The grant was available to rateable businesses with a turnover of less than €5 million and employing 50 people or less which were closed or experienced a drop of 25% or more in turnover to help with costs associated with reopening and reemploying workers following COVID-19 closures. The grant was based on an enterprise’s commercial rates bill for 2019 with a minimum payment of €2,000 and a maximum payment of €10,000. To further support enterprises as the economy reopens and resumes activity, further grant funding of €300m will be provided to businesses through an enhanced Restart Grant.
The maximum grant available will rise to €25,000 (up from €10,000) and the minimum payment will be €4,000 (up from €2,000). Firms that accessed the Restart Grant will be eligible to apply for a second top-up payment to a total combined value of the revised minimum and maximum grant levels. The criteria for accessing the scheme will include Enterprises that have:
Under the revised Restart Grant, support will also be provided for enterprises that could not access the original grant scheme. Non-rated B&Bs and rateable sports businesses will be eligible for a grant payment of €4,000. Applications for the enhanced grant will open in due course through the Local Authorities. Non-rated B&Bs will be eligible to apply to Fáilte Ireland. Further details will be provided shortly. For more COVID-19 business supports visit dbei.gov.ie/coronavirus. Comments are closed.
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