As part of our Build Back Better Campaign we’ve been taking a closer look at some of the recent government initiatives to assist businesses and individuals. One of those is the Restart Grant Plus which gives grants to businesses to help them get back to work. Here is everything you need to know:
- 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.
To apply please contact your local authority, for those in Leitrim the link is here: http://www.leitrimcoco.ie/eng/News/Restart-Grant-Plus.59445.shortcut.html
As always, if you require any assistance, please do not hesitate to contact us.