Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

We will have more details next week. It will be operated by the Revenue. We intend that it will be open to applications next week. The first payments will be made to companies in November and it will be done on a weekly basis. It will be a payment to help cover their fixed costs when they are closed. It is largely focused at small and medium enterprises, SMEs, and the amount one can claim is based on one's turnover in 2019. It is 10% of the first €1 million and 5% of the second €1 million. The maximum grant that any company can claim is €5,000 a month. It is for companies that are closed as a consequence of Government restrictions so it is not for any company that may be closed for any reason. It is for companies that are closed directly as a consequence of Government public health restrictions, but the company does not have to be 100% closed. In recognising the fact that, say, restaurants or cafés are now only operating on a takeaway basis or 15 patrons outside basis, they can still make the claim and get the full amount if they are operating at a turnover that is down 80% from where it would have been in 2019, again on a weekly basis.

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