Business restart grant scheme opens for applications

Businesses that received a grant under the first scheme can re-apply to local authorities to receive additional funding. Photo: iStock

Applications have opened for the Government’s restart grant scheme, which gives grants to businesses to help them reopen following the Covid-19 pandemic.

The Restart Grant Plus Scheme, which gives grants of between €4,000 and €25,000 to businesses, replaces and supersedes the existing schemes.

Previously grantees were given €2,000 and €10,000 respectively.

The initiative forms part of the Government’s July Stimulus package, a €7.4 billion package of measures aimed at stimulating growth and mitigate the economic impact of Covid-19.

Making the announcement, Tánaiste Leo Varadkar said: “Hairdressers, sports clubs, cafes, restaurants and several other businesses can use this money to help with the costs associated with re-opening and adapting to what is a very different environment.”

Businesses that received a grant under the first scheme can re-apply to local authorities to receive additional funding.

Medium-sized firms and independent hotels with up to 250 employees are now eligible for the grant, as well as small firms (increased from 50 employees).

Businesses impacted by a 25 per cent reduction in turnover will also be eligible provided they commit to reopening and to hiring and sustaining employment. A turnover of up to €25 million is now allowable under the scheme, increased from €5 million.

The hospitality sector, restaurants, pubs, activity centres, tourist attractions, commercial sports businesses and trading charity shops 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. Applications for this will open over the coming weeks.