Dáil Éireann Debate, Thursday - 30 July 2020
102. Deputy John Lahart asked the Tánaiste and Minister for Business, Enterprise and Innovation when the enhanced measures in respect of the business restart grant will be available for application through the local authorities. [19811/20]
Amharc ar fhreagraOn 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 as part of the July Stimulus.
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 and rateable sports businesses will be eligible for a grant payment of €4,000.
Applications for the enhanced grant will open in due course through the Local Authorities and I will announce further details in the coming days.
