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Tánaiste announces increase in Restart Grant Plus Scheme

Written by Robert McHugh, on 10th Aug 2020. Posted in Ireland

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The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar today opened applications to the Restart Grant Plus Scheme, which gives grants to businesses to help them reopen. 

The €7.4bn package of measures is designed to stimulate a jobs-led recovery and build economic confidence while continuing to manage the impact of Covid-19. 

Businesses that received a grant under the first scheme can re-apply to local authorities to receive additional funding. For first-time applicants under Restart Plus, the minimum grant is €4,000 and the maximum is €25,000.

The grant will be based on the amount of the rates assessment for the premises for 2019 (excluding arrears) with a new minimum grant of €4,000 and a maximum grant of €25,000 (Increased from €2,000 min and €10,000 max).

Eligible firms now include medium-sized firms and independent hotels with up to 250 employees, as well as small firms (increased from 50 employees).

Speaking today, Tánaiste Leo Varadkar said, "We must do everything we can to help businesses reopen and get people back to work. We are increasing the Restart Grant Plus, which means that small and medium sized businesses can now get between €4,000 and €25,000 to help them get back on their feet after what has been an exceptionally difficult time."

He added, "Hairdressers, sports clubs, cafes, restaurants and several other businesses can use this money to help with the costs associated with re-opening and adapting to what is a very different environment. This is just one of several actions the Government is taking as part of the July Stimulus to help businesses."

Source: www.businessworld.ie

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