Re-Start – a Fund to Reconnect Small and Micro Businesses

Re-Start – a Fund to Reconnect Small and Micro 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 €5m and employing 50 people or less.
  • Scheme opens for applications on Friday 22 May through the Local Authorities.

 

The Re-start Grant will give direct grant aid to micro and small businesses to help them with the costs associated with reopening and re-employing workers following COVID-19 closures.

 

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

Subject to the qualifying criteria below, any business that has a commercially rateable premises can apply.

 

  • International chain stores, i.e. a business that is a non-financially independent branch of a group of chain stores which is owned and managed by a single entity, are not eligible

 

  • Businesses such as office-based professional services that have continued to operate, including remotely, during the crisis, are not eligible

 

  • Non-commercial organisations such as community and sporting premises are not eligible.

 

  • Businesses that do not operate from rateable premises (tradesmen, service providers, etc) are not eligible.


Apply here for your grant : https://restartgrant.donegalcoco.ie

Closing date for receipt of applications is 31 August 2020.

Please send queries to : restartgrant@donegalcoco.ie



For further Information and FAQs please click here
 

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