€10,000 available to Waterford businesses to get back on feet post Covid-19 lockdown
Small and medium sized enterprises across Waterford are being urged to apply for a new business restart grant that could save hundreds of jobs across the county, kick-starting the county’s revival post-Coronavirus.
The government has launched a new €250m Restart Grant, which will give direct grant aid to help businesses with the costs associated with reopening and reemploying workers following COVID-19 closures.
The grant is aimed specifically at companies which have 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 up to the end of June 2020.
The grants will be equivalent to the rates bill of the business in 2019, with a minimum payment of €2,000 and a maximum payment of €10,000 and are aimed at contributing towards the cost of re-opening or keeping a business operational.
Minister for Business, Enterprise and Innovation, Heather Humphreys, said: “These businesses have made huge sacrifices to protect their employees and customers during COVID-19 and we want to help them get back up and running so that they can return to viability and contribute to the national economic recovery.
“These are small grants but they can make a big difference in terms of giving businesses an extra helping hand to open their doors again.”
This direct grant support is part of the wider €12bn package of supports for firms 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 our SMEs.
Applications for the Restart Grant can be made online to Waterfrod City and County Council from Friday, May 22.