RESTART Grant Scheme now open for applications from SMEs
Applications are now open for the RESTART Plus Grant Scheme.
The scheme will allow Irish SMEs impacted by Covid-19 to apply for €4,000.00 - €25,000.00 in grant aid. This funding aims to provide support for businesses to adapt, react, adjust and reopen in the wake of the pandemic.
This scheme is a key part of the €7.4bn July Stimulus package and is hoped to stimulate jobs-led recovery in Ireland and manage the impact of Covid-19 on businesses.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar, TD, was optimistic in his announcement today:
“We must do everything we can to help businesses reopen and get people back to work,” Varadkar said.
“We are increasing the Restart Grant Plus, which means that small and medium-sized businesses can now get between €4,000 and €25,000 to help them get back on their feet after what has been an exceptionally difficult time.”
This new round of the scheme’s rollout integrates some key changes which will help to rejuvenate small and medium sized business. Medium-sized companies with up to 250 employees can now also apply for the scheme, which previously reserved grants for companies with less than 50 employees. There is also increased eligibility for non-rateable B&Bs, sports clubs with commercial activities and trading charity shops.
Businesses that received a grant under the first scheme can re-apply to local authorities to receive additional funding. Multinationals and small Irish-based subsidies with overseas parent companies are not eligible for the scheme.
To qualify for the grant, a business must be commercial and in the local authority rates system. The business must have also had at least a 25% loss of expected turnover between 1 April and 30 June 2020.
Businesses applying for the scheme must also commit to reopening and to hiring and sustaining employment.
For more information on applying for the grant for your business, click here.
As we reach this positive turning point for businesses, Element78 are proud to support local and large throughout this return to the workplace. We have solutions for everyone looking for a new direction post-Covid. From virtual office services, to coworking and private office arrangements; we have you covered.
Why not begin your experience with us today? It’s your move.