The Government at its meeting on 18 May agreed to extend eligibility for the Small Business Assistance Scheme for COVID (SBASC) to those businesses operating from a non-rateable premises with fixed costs, if such businesses meet all other eligibility criteria for SBASC. This will allow such businesses to apply for a payment of €4,000 when the Scheme reopens for Q2 2021.
The Government also agreed to provide a grant of up to €1,000 for microenterprises with previous turnover of less than €50,000, that meet the other criteria for SBASC.
The details of the revised schemes are currently being finalised and I hope to launch the scheme in the coming weeks. Business owners who are interested in availing of the scheme should check their local authority website for updates and full details will be available from the Local Enterprise Offices.