Attention Cork Businesses: COVID 19 Business Restart Grant
By AG Associates
Please note that the link to the Application Form and Final Terms and Conditions and FAQs will be available from 4pm, 22nd May.
A €250 million Restart Fund has been created nationally to help micro and small enterprises with the costs of reopening during Covid-19. The fund will operate through a system of rebates/waivers of commercial rates payments from 2019. Companies will receive a total amount equivalent to no more than their 2019 rates bill and that there will be a cap per business of €10,000. The grant can be used to pay ongoing fixed costs, for replenishing stock and for measures needed to ensure employee and customer safety.
To receive the grant, a business must:
Be in Cork City Council’s Commercial Rates Payment System
Have an annual turnover of less than €5 million and employ between 1 to 50 people
Have closed or suffered a projected 25% or more loss in turnover to the end 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 and to reemploy staff on the COVID-19 Pandemic Unemployment Payment where applicable