Call us now on +353 1 663 2000
1 minute reading time (230 words)

New Government Supports For SME’s Bring Much Needed Relief For Irish Businesses

shutterstock 1140170546 small

 

There is no doubt about it, times are tough, particularly for SME’s, however the recent announcement of a new grant scheme is welcome news and we hope will help the many SMEs suffering due to the impact of Covid-19 and the resulting economic downturn.

The Restart Grant Plus scheme, which is part of the July Stimulus from the Government, aims to help SMEs adapt and re-open following Covid-19 restrictions. SMEs in Ireland can now apply for restart grants from €400 to €25,000.

To qualify for the scheme, enterprises must have:

  • 250 employees or less;
  • Turnover of less than €100,000 per employee; and
  • Reduced turnover by 25% as a result of COVID-19

Under the scheme, support will also be provided for enterprises that could not access the original grant scheme. There is also increased eligibility for non-rateable B&Bs, sports clubs with commercial activities and trading charity shops.

Some of the other criteria for qualifying for the scheme state that businesses must be commercial and in the local authority rates system, and have suffered a 25pc loss of expected turnover between 1 April and 30 June 2020. Businesses must also commit to reopening and to hiring and sustaining employment.

Interested businesses can apply through their local authorities. If you are unsure if you qualify or want further advice or guidance on the scheme, please give us a call on: 01 663 2000.

BUDGET 2021 - WHAT YOU NEED TO KNOW
Property fund denies in court it locked firm out o...

We have found the Sherwin O’Riordan team to be reliable, very responsive in cases of tight deadlines, business focused and have given us sound commercial legal advice.

Geoff Ryan - VP Finance, Profitero

Read our latest updates, briefings, articles & thought leadership from our award-winning Employment, Commercial Lawyers & Personal Injury team.

Testimonials

"We simply cannot fault the service we receive from SOR. They have specialist solicitors in each area where we need advice and we’ve had contact with 4 different partners during the last 14 months, and the experience has been the same each time. Really really good."

Justin Cahill, Chairman, CMC Platform Financials

Office location

74 Pembroke Road
Dublin 4
Ireland

Phone +353 1 663 2000
Fax +353 1 663 2001
Email

Tweets

Public bodies operate within a highly complex statutory framework and are under increasing pressure to manage both risk and costs. Find out more about the high level strategic advice our Regulatory Law experts offer here: bit.ly/2YMDZKs #SOR #Legaladvice

Read more

Irish legislation provides that equality rights & obligations are implied into the employment contract. It is unlawful for an employer to discriminate on any one of nine grounds in any area of employment. Read on: bit.ly/3k8TbJU #SOR #LegalAdvisors #EmploymentEqualityAct

Read more

Every business should have some form of Terms and Conditions in place given that a lot of businesses have online platforms. The overriding reason is in order to protect your business and limit liability. Read more here bit.ly/3aeX4JD #sor #legaladvice #terms #conditions

Read more

Yes, I accept cookies and get the best experience on this website.