- Minimum grant of €2,000 and maximum grant of €10,000.
- Businesses reopening under Phase 1 and Phase 2, and those who have stayed open since the crisis hit, encouraged to apply now.
- Online Application Forms are available on local authority websites for Micro Enterprises and Small Businesses – see here for Waterford’s form.
The Minister for Business, Enterprise and Innovation, Heather Humphreys TD, today (Friday, 22nd May 2020) announced that the application form for the new €250m Restart Grant providing direct grant aid to micro and small businesses is now available online on all local authority websites.
The Restart Grant is aimed at helping micro and small businesses with the costs associated with reopening and reemploying workers following COVID-19 closures.
Eligible businesses who have stayed open throughout the crisis, as well as those who are reopening under Phase 1 (from 18 May) and Phase 2 (8 June) of the Government’s Roadmap for Reopening Society and Business, are encouraged to apply now for the Restart Grant. These applications will be prioritised for payment by the local authorities.
Minister for Business, Enterprise and Innovation, Heather Humphreys TD said, “I want to ensure that eligible companies with the most immediate need to get back up-and-running receive the grant support as quickly as possible. For this reason, the businesses listed in Phase 1 and Phase 2 of the Roadmap, as well as those who stayed open all along, will be prioritised. Businesses know the dates on which their premises can reopen, and we want to avoid long waiting times for the grant. As a result, I am urging businesses to wait until a few weeks before their business is due to reopen before submitting their application to the local authorities.
The Minister added: “Staff in the local authorities will endeavour to process applications quickly, but a quick turnaround will be difficult to achieve if every business applies immediately.”
To avail of the Restart Grant, applicants must be a commercial business and be in the Local Authorities Commercial Rates Payment System and:
- have an annual turnover of less than €5m and employ between 1 to 50 people;
- have suffered a projected 25%+ loss in turnover to end June 2020;
- commit to remain open or to reopen if it was closed;
- declare the intention to retain employees that are on The Temporary Wage Subsidy Scheme.
The grant will be equivalent to the rates bill of the business in 2019, or a minimum payment of €2,000, whichever is the higher, and will be subject to a maximum payment of €10,000.
If a company is currently in a rateable premise but was not rate-assessed in 2019 it is still eligible to apply. The local authority can pay the grant based on an estimate of what the rates demand for 2019 would have been.
Applications for the Restart Grant can be made online directly to local authorities and further information is available on the application form. If there are queries that are not addressed on the application form, businesses can contact the Business Support Unit in each local authority.
This direct grant support is part of the wider €12bn package of supports for firms of all sizes, which includes The Wage Subsidy Scheme, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cash-flow amongst our SMEs.
All information including the application form will be available on your local authority website, the details of which are at the following link: https://www.gov.ie/en/publication/942f74-local-authorities/
Notes for Editors
Business Categories, based on the Government’s Roadmap for a phased re-opening of the economy, are as set out below:
Phase 1 (18 May)
Hardware, garden centres, opticians, motor/cycle repairs, office products, electrical, IT equipment, phone sales/repairs, outdoor construction, public amenities.
Phase 2 (8 June)
Small retail outlets, marts.
Phase 3 (29 June)
Creches for essential workers, retail outlets with street entrance, cafes, and restaurants for on-premises consumption.
Phase 4 (20 July)
Creches, ‘high-risk’ services including hairdressers, tourism accommodation.
Phase 5 (10 August)
Bars, theatres, cinemas, gyms, shopping centres.
Business Support Call Centre
The Department of Business, Enterprise and Innovation has established a Business Support Call Centre for information on the business supports available to businesses and enterprises affected by COVID-19. It can be reached at email@example.com or (01) 631 2002.
The Department of Business, Enterprise and Innovation (DBEI)
The Department of Business, Enterprise and Innovation (DBEI) plays a key role in implementing the Government’s policies of stimulating the productive capacity of the economy and creating an environment which supports job creation and maintenance. The Department has lead responsibility for Irish policy on global trade and inward investment and a remit to promote fair competition in the marketplace, protect consumers and safeguard workers.
For further information, members of the media can contact Press Office, D/Business, Enterprise and Innovation, firstname.lastname@example.org or (01) 631-2200
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