Re-opening Businesses urged to apply for Funding Schemes as the Summer "Look for Local" drive continues

Look4Local

Re-opening businesses urged to apply for funding schemes as the Summer “Look for Local” drive continues

Fingal based businesses that are re-opening during the Summer months are urged to check their entitlements under government-funded schemes to help them to re-open. Local Enterprise Office Fingal is actively promoting the schemes to ensure that local businesses are aware of the funding that may be available to them. Meanwhile, the drive to Look for Local has gained momentum in Fingal, with consumers buying in to support local enterprises.

Read more https://www.localenterprise.ie/Fingal/News/Latest-News/Look-for-Local-Campaign-urges-consumers-to-Shop-Fingal!.html

Fingal based businesses that are re-opening during the Summer months are urged to check their entitlements under government-funded schemes to help them to re-open. Local Enterprise Office Fingal is actively promoting the schemes to ensure that local businesses are aware of the funding that may be available to them. Meanwhile, the drive to Look for Local has gained momentum in Fingal, with consumers buying in to support local enterprises.

Following the resumption of indoor hospitality on 26th July, the minister for Finance, Paschal Donohoe TD, reminded businesses that they can make a claim for an enhanced restart Covid Restrictions Support Scheme (CRSS) payment.

Under the scheme, businesses may claim for the restart payment within eight weeks of the date of re-opening. Claims can be made via the claim portal in respect of CRSS, which is available via the eRepayments system on ROS. Revenue has updated their guidelines to assist businesses and these can be found at this link https://www.revenue.ie/en/corporate/press-office/budget-information/2021/crss-guidelines.pdf

The enhanced restart payments are provided for in the Finance (Covid-19 and Miscellaneous Provision) Act, which was signed into law on 19 July. Businesses who qualified for CRSS that are reopening after 2nd June are eligible for an enhanced ‘restart week’ payment, which will cover a period of three weeks at double the normal rate. This will assist them with the additional costs of reopening

In addition to this, a new scheme called the Business Resumption Support Scheme (BRSS) will be available in September and further information on this scheme will be available shortly. This scheme is being introduced for “vulnerable but viable” businesses, particularly in sectors that were significantly impacted throughout the pandemic, even during periods when restrictions were eased. Businesses whose turnover is reduced by 75% in the reference period, 1st September 2020 to 31st August 2021, compared with 2019 will be eligible.

The scheme will not be restricted by location, rate-paying or physical premises. Businesses that previously availed of other schemes such as the small business assistance scheme for Covid and the tourism business continuity scheme, for example, as well as the CRSS, will be eligible to apply for a once-off payment based on a percentage of their average weekly turnover for 2019, subject to a maximum payment of €15,000, provided they meet the qualifying criteria. Charities and approved sports bodies may also be eligible. Additional details are available at https://wwwrevenue.ie/en/self-assessment-and-self-employment/brss/index.aspx