The Tourism Business Continuity Scheme that was announced in last October's Budget has been launched to provide support to providers of tourism services who have been unable to qualify for the COVID-19 Restrictions Support Scheme (CRSS) or earlier grant schemes.
The new Tourism Business Continuity Scheme is designed to help tourism businesses offset their fixed costs incurred last year and support them to continue operating through 2021.
Who can apply?
The scheme is open to businesses including outdoor activity providers, visitor attractions not eligible for CRSS, as well as caravan and camping providers registered with Fáilte Ireland and cruise hire firms that meet the eligibility criteria.
- The business’s monthly turnover from October 2020 to January 2021 must be less than 25% of its average monthly turnover in 2019
- The business must have a minimum annual turnover of €50,000 and minimum fixed costs of 10% of turnover
- The business must not be able to qualify for assistance under the CRSS or have received funding from the Fáilte Ireland Coach Tourism Business Continuity Scheme or Ireland Based Inbound Agents Business Continuity Scheme
When can I apply?
Full details of the grant will be available on the Fáilte Ireland website on 11 February 2021 and businesses can apply from March 2021.
How much can I receive?
The minimum grant is €3,750 and the maximum grant is €200,000.
As we learn more about the Tourism Business Continuity Scheme we will publish the details in our COVID-19 Knowledge Hub.
Date published 03 Feb 2021 | Last updated 03 Feb 2021This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.