The Government has published details on the second tranche of the Restart Grant and, with it comes some good news. It is referred to as the Restart Grant Plus scheme and it is well worth you taking the time to read all about it.
Simply put it is as follows:
- If your 2019 rates were less that €4k you will now get an extra €4k. This is in addition to the €2k you should have received in the first scheme
- If your rates bill was between €4k and €10k you will get the equivalent amount again e.g. if you got €7k in the first scheme you will get an addition al €7k
- If you got €10k in the first scheme (max in that scheme) you will get another €10k and a possible additional amount if your rates were over €10k. The maximum amount between both schemes is €25k
From Oct 7th, further top-ups have been added to the scheme:
- All businesses are to receive a further top-up of 30% of the basic RGP grant subject to a minimum total RGP grant of €5.2k and a maximum of €32.5k
- Businesses in Donegal are to receive a further payment equivalent to 10% of the basic RGP grant subject to a minimum total RGP grant of €5.6k and a maximum of €35k
- Businesses in Dublin are to receive a further top-up of 20% of the basic RGP grant subject to a minimum grant of €6k and a maximum of €37.5k
What are the criteria for qualifying for the grant?
A business must:
- Be a commercial, trading, entity;
- Operate from a premises that is commercially rateable by a local authority (but see FAQ 10 re certain B&B establishments);
- Have 0 – 250 employees;
- Have a turnover of less than €100k per employee to a maximum of €25m ;
- Have suffered a 25%+ loss in turnover between 1 April and 30 June 2020.
- Commit to remain open or to reopen if closed; and
- Intend to retain employees that are on The Temporary Wage Subsidy Scheme (TWSS).
How can this grant be used?
The grant is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers. The grant could be used to defray ongoing fixed costs, for example, utilities, insurance, refurbishment or for measures to ensure employee and customer safety.
The scheme is being administered by the County Councils. Here’s a link to more details on the Re-Start Grant Plus, information on ‘How to Apply’ with links to the County Councils: Restart Grant Plus Scheme
We recommend that you waste no time and apply straight away.
More details about the grant can be found on the Department of Business website