Local Authority COVID 19 Business Restart Grants
Applications for the Restart Grant can be made online to local authorities from today Friday 22nd May.
A €250 million Restart Fund has been created nationally to help micro and small enterprises with the costs of reopening during Covid-19. The fund will operate through a system of rebates/waivers of commercial rates payments from 2019. Companies will receive a total amount equivalent to no more than their 2019 rates bill and that there will be a cap per business of €10,000. The grant can be used to pay ongoing fixed costs, for replenishing stock and for measures needed to ensure employee and customer safety.
To receive the grant, a business must:
- Be in the local authority’s Commercial Rates Payment System
- Have an annual turnover of less than €5 million and employ between 1 to 50 people
- Have closed or suffered a projected 25% or more loss in turnover to the end June 2020
- Commit to remain open or to reopen if it was closed
- Declare the intention to retaining employees that are on the Temporary Wage Subsidy Scheme and to reemploy staff on the COVID-19 Pandemic Unemployment Payment where applicable
The application form is available online from all local authority websites.
Find more information on further supports to businesses here.
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