Restart Grant now available for small local businesses

In Business & Jobs, Local Issues by Denis Naughten

 

Restart Grant now available for small local businesses

 

Small businesses can now apply for a Restart Grant which will amount to between €2,000 and €10,000.

 

The COVID-19 Business Restart Grant for micro and small businesses is a tool to support small businesses in our towns and villages, impacted by Covid-19 to reopen their doors and reconnect with the market place.

 

 

 

Applications can NOW be made through the local County Councils (Roscommon: http://www.roscommoncoco.ie/en/Services/COVID-19-Services-Updates/Rates/Covid-19-Business-Restart-Grant.html and Galway: https://gccapps.galwaycoco.ie/RestartGrant/ )

 

Qualifying Criteria

  • Subject to the qualifying criteria, any business that has a commercially rateable premises, or where rates are paid on your behalf and attributable to the business premises you occupy, can apply.
  • The business must have a turnover of less than €5m and have 50 or less employees.
  • The business must have suffered a projected 25%+ loss in revenue from 1st April to 30th June 2020.
  • The business must commit to remain open or to reopen if it was closed.
  • The business must also declare the intention to retain employees that are benefitting from the Temporary Wage Subsidy Scheme (TWSS).
  • Businesses Not Eligible?
  • Multiple chain stores, i.e. a business that is a non-financially independent branch of a group of chain stores which is owned and managed by a single entity, are not eligible. Non-commercial organisations such as community and sporting premises (including charity shops and community and sporting premises with a bar) are not eligible. Businesses that do not operate from commercially rateable premises (tradesmen, service providers, etc.) are not eligible. Premises that were vacant prior to the Covid-19 emergency are not eligible for the grant.

 

How Much?

  • The grant will be the amount of your rates demand in respect of calendar year 2019 only, subject to a minimum of €2,000 and a max of €10,000.How can I use the grant?
  • The grant is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers. The grant could be used to defray ongoing fixed costs, e.g. utilities, insurance, refurbishment or for measures to ensure employee and customer safety.