We have been assisting businesses with issues relating to Government supports throughout the crisis. The latest set of supports for businesses, known, as The Restart Grant, were announced in recent days. The Restart Grant is a €250 million fund to assist small businesses to get back up and running.
The Restart Grant -Main Points
- Direct grant aid of between €2,000 minimum and €10,000 based on commercial rates bill from 2019.
- Scheme applies to small businesses with a turnover of under €5m and employing 50 people or less.
- Scheme opens for applications on Friday 22 May through the Local Authorities.
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.
When Will The Restart Grant become Available?
The Restart Grant will be open for applications from Friday, May 22nd.
Applications can be made to local authorities and AAL can assist your business in applying for this funding. Contact us on 052 61 37775 or email our Managing Director, Áine Kiely O’Donnell to see how we can help.
Find Out More About Supports Available
The crisis continues, and as it does businesses need to be aware of what supports are available. It will have been easy to miss some of the most important aspects about what is available to help businesses as we have been inundated with news from all angles. Here, we detail the expansion of the business supports available in order to help your business work through this crisis and build your business into the future.
Business Supports from Enterprise Ireland
There are many supports available for businesses in the current challenging economic climate. It can be difficult to know what your company might be eligible for, and what the criteria are for drawing down such grants and loans. We have looked at this issue and created a brief overview to assist you. If you would like to talk to us about the supports available, just call us on 052 61 37775.
The Scheme, enables employees, whose employers are affected by the pandemic, to receive significant supports directly from their employer through the payroll system.
Image of Government Buildings used under a Creative Commons Licence.