Irish Government provides extra €300 million to fund business reopening
From 10 August businesses in Ireland can avail of increased funds from the Restart Grant Plus Scheme to help them reopen. The scheme is one of several actions the Government is taking as part of the July Jobs Stimulus, designed to help businesses to reopen and employ people following the impact of COVID-19.
Key changes to the Restart Grant Plus Scheme are:
- €300m additional funding has been added to the €250m previously committed;
- the minimum grant amount has increased from €2,000 to €4,000 and the maximum from €10,000 to €25,000. Businesses that received a grant under the first scheme can re-apply to receive the additional funding;
- the number of employees in eligible companies has increased from 50 to 250;
- non-rateable B&Bs, sports clubs with commercial activities and trading charity shops are now also eligible to apply.
Further details, including how to apply, are available on the website of the Department of Business, Enterprise and Innovation.