Latest News


Keep up to date with us.... always


Call +353 1 8827 600

REQUEST YOUR MEETING TODAY

THE DBEI - RE START GRANT PLUS -10 August 2020

RMcH states: even if you received a grant in round one you can still apply for round two, deadline 30/09/2020.

ReStart ­Grant Plus

The Department of Business, Enterprise and Innovation (DBEI)has enhanced the Restart Grant for small businesses, following the announcement of the July Stimulus Package.

Direct grant aid of between €4,000 minimum and €25,000 maximum based on commercial rate bill for 2019 (or a maximum of €15,000 for businesses that received the maximum €10,000 under the original Restart Grant Scheme).

A business must:

The closing date for receipt of applications is 30th September 2020.

 

ReStart ­Grant Plus - Frequently Asked Questions

  1. How soon will I get my grant?

On average, it will take about two weeks depends on different local authority. This may not be possible at the early stages if there is a large initial surge of applications.

  1. How much will I get?

In most cases, the grant will be the amount of the rates assessment for the premises for 2019 (excluding arrears) with a minimum grant of €4,000 and a maximum grant of €25,000.

  1. What can I use the grant for?

The grant is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with employees and customers. The grant could be used to defray ongoing fixed costs, e.g. utilities, insurance, refurbishment or for measures to ensure employee and customer safety.

  1. If I have not paid my 2019 rates, am I eligible?

Yes.

  1. If my rates are in arrears, am I eligible?

Yes.

  1. If my premises was not rate assessed in 2019 am I eligible?

Yes. The Local Authority will estimate what your rates demand for 2019 would have been. (If for some reason an estimate cannot be made the minimum grant of €4,000 will be paid.)

  1. How do I apply?

The application can be made online via your local authority website.

  1. How will the grant be paid?

In most cases the grant will be paid by electronic transfer to the business account from which you pay your rates.

  1. What are the criteria for qualifying for the grant?

A business must:

The DETE will arrange to carry out spot-checks to ensure compliance with the qualifying criteria.

* The criteria regarding turnover of < €100K per employee will be assessed in groups of 25, e.g. <50 staff must have under a maximum €5m turnover, 51 to 75 staff must have a maximum of €7.5m turnover, 76 to 100 staff must have a maximum of €10m turnover, 101 to 125 staff a maximum of €12.5m turnover, 126 to 150 staff must have a maximum of €15m turnover, 151 to 175 staff a maximum of €17.5m turnover, 176 to 200 staff a maximum of €20m turnover, 201 to 225 employees a maximum of €22.5m turnover and 226 to 250 employees a maximum of €25m turnover. Employee numbers are expressed in Full-Time Equivalents.
 

  1. Can tourism-related businesses apply?

Rate-paying tourism/hospitality related businesses, including independent hotels and B&B’s that meet the qualifying criteria can apply.

B&Bs that are not in rateable premises can apply for a flat €4,000 grant. 

PLEASE NOTE: This grant is administered by Failte Ireland, NOT the local authority.

  1. Can sporting organisations apply?

Rate-paying Sports Clubs, such as GAA Clubs and Golf Clubs that have commercial activities (e.g. bar/restaurant) can apply for a grant which will be the amount of the rates assessment for the premises for 2019 (excluding arrears) subject to a minimum grant of €4,000 and a maximum grant of €25,000 i.e. to cover all the commercial elements of the organisation.

  1. What about Charity Organisations?

Charity Shops with a trading income, and operating from rateable premises, can apply for a grant which will be the amount of the rates assessment for the premises for 2019 (excluding arrears) subject to a minimum grant of €4,000 and a maximum grant of €25,000. However, non-trading community and voluntary organisations are not eligible.

  1. What about franchise stores, chain stores and tenant businesses?
  1. A franchisee, which is a financially independent company and is completely separate to the franchisor, is eligible to apply.
  2. Multinational businesses are not eligible. Irish-based subsidiaries with overseas parent companies are not eligible.
  3. Stores that are part of a large chain group company, i.e., one legal entity with a number of branches, such as fast food, group and multiple supermarkets, group hotels, group betting shops and group pharmacies, are not eligible.
  4. Small business chains can apply if they meet the criteria of <250 employees and €25m turnover in totality across the company and all the branches. 
  5. A company with a number of stores across one or more local authorities, which meets the turnover and employment criteria, and where each store has a separate rates id, is eligible to apply for the equivalent of the 2019 rates bill for each store, subject to the minimum of €4,000 and the maximum of €25k grant for each store.
  6. A company with a number of stores in just one local authority, which meets the turnover and employment criteria, and that pays rates under one account will be eligible to apply for the equivalent of the 2019 rates bill for each premises, subject to the minimum of €4,000 and the maximum of €25k grant for each store.  The local authority can identify and verify that the individual premises are separate units in the rates account.
  7. For tenant businesses, the grant is for the business rather than the landlord.  The local authorities can identify the rates equivalent for the individual business units and calculate the grant payable on that basis. If the rates payable is lower than €4,000, the tenant should receive the minimum grant of €4,000.
  1. What is the situation regarding Professional Services

Professional Services such as Accountants, Architects, GPs, Dentists, Opticians, Consultants, etc., are eligible if they are operating from rateable premises and meet the criteria, including loss of turnover.

However, other services not operating from rateable premises, sole traders, etc., are not eligible.

  1. I am a Childcare Provider. Can I apply for the Restart Plus Grant and the Department of Children and Youth Affairs supports.

Among the COVID-19 supports available from the DCYA are two reopening supports specifically to Childcare Providers: a DCYA Capital Grant and a DCYA Reopening Support Payment. Childcare Providers who apply for the DCYA Reopening Support Payment cannot then apply for the Restart Plus Grant. (Childcare Providers who have received a Restart Plus Grant must declare the amount due/received in the application form to the DCYA and this will be offset against the Reopening Support Payment. Receiving the DCYA Capital Grant does not affect whether you can apply for the DCYA Reopening Support Payment or the Restart Plus Grant.)

  1. What is the closing date?

The closing date for receipt of applications is 30 September 2020.

  1. Do I need to submit a Tax Clearance Access Number?

If you are making an application totalling €10,000 or more, you must submit a Tax Clearance Access Number to allow your tax clearance status to be checked. To ensure no delays occur between approval and payment, it is advisable to include your Tax Clearance Access Number on your application.

 

Click to go back

 

 

 

So what are you waiting for? Call Today and talk to us about how we can make a real difference to your business. Arrange your Meeting using the form below or call us direct on +353 1 8827 600.

ARRANGE YOUR MEETING TODAY! JUST FILL OUT OUR QUICK AND EASY FORM...

At the FREE, No-Obligation Meeting You Will Receive:

  • 3 proven and easy-to-apply strategies which could add hundreds (even thousands) of value to your business
  • Powerful solutions to your most pressing financial challenges (cash flow, cost management, profitability, etc).
  • €100 to your favourite charity if you do not consider our meeting to be of immense value to you





Still Not Convinced? Why not take a moment to watch this video and see the difference a Super Accountant can make to your business!

Remember, you can call us with any questions direct on +353 1 8827 600 OR you can find our contact details here