Restart Grants

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Many businesses will have extinguished any cash reserves come the time that they can reopen. They will be unable to pay for stock, pay for venues, pay staff or indeed just not be able to give credit to customers.

The Government announced in their plan, released on the 2nd May, a grant for micro and small businesses based on a rates/waiver rebate from 2019. No further details have been announced, but it appears it will only be available to businesses that have paid rates in 2019, and may be linked to the value of the rates paid. In many cases, I see this as only being €2 – €5,000, not €10,000, but anything is better than nothing.

 

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Date Posted: 14 May 2020