Grants & Supports
GRANTS & SUPPORTS FOR COVID-19
The Government have agreed details of the new €250m Restart Grant, which will give direct grant aid to micro and small businesses to help them with the costs associated with reopening and reemploying workers following COVID-19 closures.
The Grant will be available to businesses with a turnover of less than €5m and employing 50 people or less, which were closed or impacted by at least a 25% reduction in turnover out to 30th June 2020. It is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers.
The grants will be equivalent to the rates bill of the business in 2019, with a minimum payment of €2,000 and a maximum payment of €10,000.
Applications for the Restart Grant can be made online to local authorities from Friday 22nd May. About the Restart Grant
Micro and small businesses are particularly vulnerable to the economic effects of Covid-19. Many businesses, even while closed, continue to incur costs including fixed costs without being able to generate revenues. It is recognised that businesses will also incur costs in preparing their businesses to reopen and meeting the needs of employees and customers. The Restart Grant is designed to alleviate the pressure on businesses in this context.
To avail of the Restart Grant, a business must be in the Local Authorities Commercial Rates Payment System and:
1.) Have an annual turnover of less than €5m and employ between 1 to 50 people.
2.) Have closed and/or suffered a projected 25%+ loss in turnover to end June 2020
3.) Commit to remain open or to reopen if it was closed
4.) Declare the intention to retaining employees that are on The Temporary Wage Subsidy Scheme (TWSS) and to reemploy staff on the Pandemic Unemployment Payment where applicable.
The grant can be used to defray ongoing fixed costs, for replenishing stock and for measures needed to ensure employee and customer safety.
- How many full or part time employees you have,
- What was your turn over in 2019,
- What is the most revenant sector of your business.
- Describe your business and the product/service it offers
- Has your company been completely or partially closed due to the Covid-19 pandemic?
- Describe how your company has been affected by the Covid-19 pandemic
- How does your company plan to spend the grant funding.