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.