Fund designed to help small businesses get back on their feet
Mayo County Council will today begin to accept applications for the Government’s €250m Restart Fund for small businesses. The Fund provides support of between €2,000 and €10,000 for micro and small businesses to help them with the costs associated with reopening and reemploying workers following COVID-19 closures.
The Restart Fund will be available for qualifying businesses which were closed or impacted by at least a 25% reduction in turnover out to 30th June 2020.
- Restart Fund is based on 2019 commercial rates demand
- Applies to small businesses with a turnover of under €5m and employing 50 people or less;
- Opens for applications on Friday 22 May and will close on 31st
- Applications via mayo.ie
The grants will be equivalent to the business’ 2019 rates demand, with a minimum payment of €2,000 and a maximum payment of €10,000.
Speaking of the Fund John Magee, A/Director of Services at Mayo County Council says “This Restart Fund is an important source of financial support to the many small businesses throughout Mayo affected by Covid-19. Businesses are under huge cashflow pressure to meet the costs of re-opening and this support can help with costs related to health & safety measures for staff & customers, insurance, buying stock, re-employing staff, etc. Mayo County Council is on-hand to process applications and to help businesses to get back up and trading as we begin to re-build our local economy.”
Cathaoirleach of Mayo County Council Cllr Brendan Mulroy has welcomed the Fund: “This Fund will give Mayo businesses a helping hand to open their doors again after a hugely difficult time for many small businesses. I encourage owners of small business to apply for the support and to liaise with their local Council Income (Rates) Collectors if they have any queries. I also call on people to continue to support their small local businesses at this time”.
Application forms and further information on the Restart Grant can be found at www.mayo.ie
For updates and further information visit www.mayo.ie and our social media channels.