COVID-19 Restart Grant for small businesses
Westmeath County Council has been charged with administering the COVID-19 Restart Grant on behalf of the Department of Business, Enterprise and Innovation (DBEI). Micro and small businesses are particularly vulnerable to the economic effects of Covid-19.
Many businesses, even while closed, continue to incur costs including fixed costs without being able to generate revenues. It is recognised that businesses will also incur costs in preparing their businesses to reopen and meeting the needs of employees and customers. The Restart Grant is designed to alleviate the pressure on businesses in this context.
To avail of the Restart Grant, a business must be in the Local Authorities Commercial Rates Payment System and:
- Have an annual turnover of less than €5m and employ between 1 to 50 people
- Have closed and/or suffered a projected 25%+ loss in turnover to end of June 2020
- Commit to remain open or to reopen if it was closed
- Declare the intention to retaining employees that are on The Temporary Wage Subsidy Scheme (TWSS) and to re-employ staff on the Pandemic Unemployment Payment (PUP) where applicable.
The grant can be used to defray ongoing fixed costs, for replenishing stock and for measures needed to ensure employee and customer safety. Further details on the Restart Grant via a Frequently Asked Questions document is available here.