Cork County Restart Grant for Small Businesses
Online applications can now be made to Cork County Council for the Restart Grant for small businesses. As part of the Governments package of supports, this €250m fund will give direct grant aid to micro and small businesses to help them with the costs associated with reopening and re-employing workers following COVID-19 closures.
Between €2,000 and €10,000 of direct aid is available to businesses based on commercial rates bill from 2019.
The grant is available to businesses with a turnover of less than €5m and employing 50 people or less, which were closed or impacted by at least a 25% reduction in turnover out to June 30, 2020. It is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers.
Processing of applications and payment of the Restart Grant will depend on the initial volume of applications but, as far as possible, will be prioritised according to scheduled re-opening dates in the national roadmap.
The Restart Grant is part of the wider €12 billion package of supports for businesses of all sizes, which includes grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst SMEs.