Dáil Éireann Debate, Wednesday - 3 June 2020
430. Deputy Brendan Griffin asked the Minister for Business, Enterprise and Innovation if the restart grant will be made available to a business (details supplied) in County Kerry; and if she will make a statement on the matter. [8459/20]
View answerApplication forms for the new €250m Restart Grant providing direct grant aid to micro and small businesses are now available online on all local authority websites. The grant is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers.
To qualify for the Restart Grant, a business must be in a rateable premises and;
- have a turnover of less than €5m and have 50 or less employees.
- have suffered a projected 25%+ loss in revenue from 1 April 2020 to 30th June 2020.
- 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).
Where a business pays rates indirectly, eg through a landlord, it can apply.
The Restart Grant support is just one 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 cashflow amongst SMEs.
Full details on all COVID19 supports are available at: https://dbei.gov.ie/en/What-We-Do/Supports-for-SMEs/COVID-19-supports/
