News

Library of Knowledge No. 19.

Announced 15^th May 2020 – Government approves details of Restart Grant for Small Businesses.

The Government announced 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 re-opening and re-employing workers following COVID-19 closures.

The grant is valued between € 2,000 minimum to € 10,000. It is based on the Commercial Rates bill for 2019.

The criteria to avail of this grant is as follows:

• Must be registered on the Local Authorities Commercial Rates Payment System.
• Turnover of less than € 5m.
• Employ 50 or less.
• Have suffered a reduction in turnover of 25% + to 30^th June 2020.
• Commit to reopen business, if closed.
• Declare an intention to retain employees on the COVID-19 Temporary Wages Subsidy Scheme and/or the Pandemic Unemployment Payment.

Applications open today 22^nd May 2020 and will be managed online via your local authority.

Please refer to your local authorities website.

See Link: https://merrionstreet.ie/en/News-Room/News/Government_approves_details_of_Restart_Grant_for_Small_Businesses.html

Stay safe and well.