There are two different Business Restart Grants available to help small businesses and sole traders with the extra cost of restarting after the Covid lockdown.
Enterprise Support Grant
The Department of Employment Affairs and Social Protection has announced than the Enterprise Support Grant will be available to assist with the expenses of re-opening a business after Covid-19 closures. Payments of up to €1000 are available to people who were previousley getting the Pandemic Unemployment Payment .
Who Can Qualify for this Grant ?
To be eligible – claimants MUST
- Have been in receipt of the Covid-19 Pandemic Unemployment Payment and have closed their claim;
- Have reopened their business;
- Produce VAT receipts/invoices in respect of business re-start costs and expenses claimed.
- Employ fewer than 10 people;
- Have an annual turnover of less than €1 million;
- Not be eligible for other similar Covid business re-start grants from other Government Departments;
- Not be liable for commercial rates;
Once a self-employed person closes their PUP claim they will have 4 weeks to make a claim for the grant. This should allow time for claimants to incur the necessary expenditure, gather receipts and submit a claim.
Funding will be awarded for 80% of eligible costs up to a maximum of €1,000. Grants will be awarded on costs related to reopening your business, including:
- safety measures
- business advice or mentoring
Invoices must be submitted with application. Normal business costs are not included.
The DEASP said they will confirm exactly how people can access the grant in the coming weeks.
Business Restart Grant
For larger businesses – that pay business rates – there is another grant available called the Restart Grant . It is to help with the costs associated with reopening and re-employing workers following COVID-19 closures.
The grant will be the equivalent to the 2019 business rates bill , with a minimum payment of €2,000 and a maximum payment of €10,000.
To avail of the Restart Grant, applicants must be a commercial business and be in the Local Authorities Commercial Rates Payment System and:
- have an annual turnover of less than €5m and employ between 1 to 50 people;
- have suffered a projected 25%+ loss in turnover to end June 2020;
- commit to remain open or to reopen if it was closed;
- declare the intention to retain employees that are on The Temporary Wage Subsidy Scheme and re-employ staff on the Pandemic Unemployment Payment as business recovers.
Businesses can apply to their local council for the Business Restart Grants . HERE