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In the July Stimulus package the Restart Grant, which had originally been allocated €250m, has been expanded to include certain businesses which were not eligible under the original scheme and further grant funding of €300m has been allocated to the fund.
 
The maximum grant available will rise to €25,000 (up from €10,000) and the minimum payment will be €4,000 (up from €2,000).
 
Businesses that have already applied for the Restart Grant will be eligible to receive a top-up payment and the combined value of the two payments will be in line with the revised minimum and maximum grant levels. It is expected that a separate application will not be required for those businesses, their original application will be reviewed and a top up payment made if applicable.
 
The criteria for accessing the scheme will include Enterprises that have:
 
  • 250 employees or less
  • Turnover of less than €100,000 per employee
  • Reduced turnover by 25% as a result of COVID-19
Under the revised Restart Grant, support will also be provided for enterprises that could not access the original grant scheme. Non-rated B&Bs and rateable sports businesses will be eligible for a grant payment of €4,000.
 
Applications for the enhanced restart grant are not open yet but keep an eye on our website for the latest news in relation to this and all other COVID-19 related reliefs.
 
Published 06/08/2020
 
 

Date published 6 Aug 2020 | Last updated 6 Aug 2020

This 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.

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