Thursday, 30 July 2020

Questions (125)

Michael Healy-Rae

Question:

125. Deputy Michael Healy-Rae asked the Tánaiste and Minister for Business, Enterprise and Innovation if bed and breakfasts can apply for the restart grant (details supplied); and if he will make a statement on the matter. [20605/20]

View answer

Written answers (Question to Business)

On 23rd July 2020 I announced that in order to further support enterprises as the economy reopens and resumes activity, further grant funding of €300m will be provided to businesses through an enhanced Restart Grant.

The maximum grant available will rise to €25,000 (up from €10,000) and the minimum payment will be €4,000 (up from €2,000). Firms that accessed the Restart Grant will be eligible to apply for a second top-up payment to a total combined value of the revised minimum and maximum grant levels.

The criteria for accessing the scheme will include Enterprises that have:

- 250 employees or less;

- Turnover of less than €100,000 per employee; and

- Reduced turnover by 25% as a result of COVID-19

Under the revised Restart Grant, support will also be provided for enterprises that could not access the original grant scheme. Non-rated B&Bs which were previously excluded from the original scheme will now be eligible to apply for a grant payment of €4,000.

Applications for the enhanced grant will open in due course through the Local Authorities and non-rated B&Bs can apply for funding through Fáilte Ireland. Further details will be provided in the coming days.