Uncategorised

Restart Grant Plus Scheme

By Gemma Creagh - Last update


Get Daily news and updates directly to your Email




Help your business get back on its feet and Safely Back To Work with the COVID-19 Restart Grant Plus scheme. The Grant is now worth a minimum of €4k and maximum of €25k, and businesses which availed of the first Grant can apply for a top-up.

The scheme gives grants to businesses to help them reopen their premises and get back to work.

 

Grants of between €4,000 up to a maximum of €25,000 are available. To qualify for the scheme, enterprises must have:

  • 250 employees or less;
  • Turnover of less than €100,000 per employee; and
  • Reduced turnover by 25% as a result of COVID-19

Those that accessed funding through the previous round of the scheme are eligible to apply for a second top-up payment to a total combined value of the revised maximum grant level.

Under the Restart Grant Plus scheme, support will also be provided for enterprises that could not access the original grant scheme, including rateable sports businesses and trading charity shops. Non-rated B&Bs will be eligible for a grant payment of €4,000.

Details about the Restart Grant Plus

  • The grant will be based on the amount of the rates assessment for the premises for 2019 (excluding arrears) with a new minimum grant of €4,000 and a maximum grant of €25,000 (Increased from €2,000 min and €10,000 max).
  • Eligible firms now include medium-sized firms and independent hotels with up to 250 employees, as well as small firms (increased from 50 employees).
  • Businesses impacted by a 25% reduction in turnover will be eligible provided they commit to reopening and to hiring and sustaining employment.
  • A turnover of up to €25m is now allowable, increased from €5m. There is a cap of €100,000 turnover per employee.
  • Commercial sports businesses and trading charity shops in rated premises can now apply for the grant.
  • The hospitality sector, restaurants, pubs, activity centres and tourist attractions, for example, galleries, museums, are eligible if they are operating from a rated premise.
  • B&Bs in non-rated premises will be eligible to apply for the minimum €4,000 grant from Fáilte Ireland.
  • A franchisee which is a financially independent company and is completely separate to the franchisor is eligible to apply.
  • Small company chains can apply if they meet the criteria of <250 employees and €25m turnover in totality across the company and all the branches.
  • Multinationals are not eligible. Small Irish based subsidiaries with overseas parent companies are not eligible.
  • Large chains that are part of a large group company, that is, one legal entity with a number of branches, such as fast food, group and multiple supermarkets, group hotels, group betting shops and group pharmacies are not eligible.

Further details are available in the Restart Grant Plus FAQs.

How to apply

Firms can apply through their Local Authority. Applications will open shortly for non-rated B&Bs who must apply to Fáilte Ireland.


CorporateTraining.ie is the largest database of professional development and corporate training courses in Ireland. We list thousands of training courses from trainers and training providers nationwide



Gemma Creagh

The New Reality of Teleworking: People, Firms, Places
Webinar: Agile Innovation Supports Information Session


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

We'd love to send you the latest news and articles about evening classes, further learning and adult education by email. We'll always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes.

Comments and Reviews Policy