Government approves details of Restart Grant for Small Businesses

• direct grant aid of between €2,000 minimum and €10,000 based on commercial rates bill from 2019
• scheme applies to small businesses with a turnover of under €5 million and employing 50 people or less
• Please note that the link to the Application Form and Final Terms and Conditions and FAQs will be available from 4pm, 22nd May.

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

The Grant will be available to businesses with a turnover of less than €5 million and employing 50 people or less, which were closed or impacted by at least a 25% reduction in turnover out to 30 June 2020. It is a contribution towards the cost of reopening 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.