On the 15 May the Irish government agreed details of the new €250m Restart Grant, which will give a direct grant to small businesses to help with costs associated with reopening and reemploying staff following the COVID-19 closures.
This grant will be available for businesses with a turnover of less than €5m and employing 50 staff or less, which were closed or impacted by at least a 25% reduction in turnover out to 30th June 2020. The grant will contribute towards the cost of re-opening or keeping the business operational and re-connecting with employees and customers.
The grants will be equivalent to the rates bill of the business in 2019, with minimum payment of €2,000 and a maximum of €10,000.
Minister for Business, Enterprise and Innovation, Heather Humphreys TD, said:
“I am acutely aware of the difficulties facing small businesses during these challenging times.
The Restart Grant is designed to help small businesses get back on their feet. The grant can be used to defray ongoing fixed costs, for replenishing stock and for measures needed to ensure employee and customer safety.
Small businesses, whether it the local hairdresser, café or clothes shop, are absolutely vital to the social fabric of our towns and villages throughout the country. These businesses have made huge sacrifices to protect their employees and customers during COVID-19 and we want to help them get back up and running so that they can return to viability and contribute to the national economic recovery.
These are small grants but they can make a big difference in terms of giving businesses an extra helping hand to open their doors again”
Applications for this scheme open on the 22nd May 2020.