Tuesday, 16 June 2020
Department of Jobs, Enterprise and Innovation
The Restart Grant support is just one part of the wider €12bn package of supports for firms of all sizes, which includes the wage subsidy scheme, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs.
To qualify for the Restart Grant, a business must be in a rateable premises and:
- have a turnover of less than €5m and have 50 or less employees;
- have suffered a projected 25%+ loss in revenue from 1 April 2020 to 30th June 2020; and,
- commit to remain open or to reopen if it was closed. The business must also declare the intention to retain employees that are benefitting from the Temporary Wage Subsidy Scheme (TWSS).
The eligibility criteria will be subject to ongoing review and we will continue to consider issues as they arise.
The development of further targeted supports specifically aimed at the tourism sector was initiated and is being led by my colleague the Minister for Transport, Tourism and Sport with the establishment of the Tourism Recovery Taskforce.
Full details on all COVID19 supports for business are available at: .