Government Approves Details of Restart Grant for Small Businesses

Minister for Business, Enterprise and Innovation, Heather Humphreys announced the vital, small business grants and Cllr. Charlie Farrelly is urging an uptake in applications from businesses in the area and is offering help to those who need it.

Cllr. Charlie Farrelly dropped a note hinting that it wouldn’t do any harm for the local business community to be made aware of yesterday’s government announcement of ‘restart grants’ for small businesses.

The announcement, made by Minister for Business, Enterprise and Innovation, Heather Humphreys TD, includes direct grant aid of between €2,000 minimum and €10,000 based on commercial rates bill from 2019.

The scheme applies to small businesses with a turnover of under €5m and employing 50 people or less.

It will be open for applications on the coming Friday, May 22nd through the local authorities.

€250m Restart Grant

The government agreed details of the new €250m Restart Grant, which will give direct grant aid to micro and small businesses to help them with the costs associated with reopening and re-employing workers following COVID-19 closures.

The grant will be available to businesses with a turnover of less than €5m and employing 50 people or less, which were closed or impacted by at least a 25% reduction in turnover out to 30th June 2020.

Cost of Re-Opening

It is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers.

The grants will be equivalent to the rates bill of the business in 2019, with a minimum payment of €2,000 and a maximum payment of €10,000.

Launching the initiative, Minister Humphreys said that she is acutely aware of the difficulties facing small businesses during these challenging times.

Hairdresser, Café or Clothes Shop – All Vital

“The Restart Grant is designed to help small businesses get back on their feet. The grant can be used to defray ongoing fixed costs, for replenishing stock and for measures needed to ensure employee and customer safety.

Small businesses, whether it the local hairdresser, café or clothes shop, are absolutely vital to the social fabric of our towns and villages throughout the country.

Huge Sacrifices Made

These businesses have made huge sacrifices to protect their employees and customers during COVID-19 and we want to help them get back up and running so that they can return to viability and contribute to the national economic recovery.

These are small grants but they can make a big difference in terms of giving businesses an extra helping hand to open their doors again.

Ministers’ Contributions

There were also contributions from Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD and from Minister for Housing, Planning & Local Government, Eoghan Murphy TD.

Their contributions and any other information you need is available with a click on the link here: https://merrionstreet.ie/en/News-Room/News/Government_approves_details_of_Restart_Grant_for_Small_Businesses.html

Cllr. Farrelly Offering Help

Cllr. Farrelly, (Independent) in urging small businesses in the area to apply, said that he believes this restart grant is a great move and it’s going in the right direction.

“For a lot of our local business people this could be just the signal they hoped would come to get them through these tough times.

If anyone wants more details they can contact me on: 087 20 56 150,” he said.

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