Small Business Scheme

Mary welcomed the announcement from Government of €60m Small Business Assistance Scheme for Covid (SBASC) this week.

Eligible businesses will receive a payment of €4,000 for Quarter 1 of 2021. There will be a second payment of €4,000 for businesses continuing to meet the criteria.

In February, the Government agreed a €60m allocation for the SBASC scheme. It is available to companies, self-employed, sole traders or partnerships with a minimum turnover of €50,000 not eligible for the Revenue scheme CRSS, Fáilte Ireland Business Continuity Scheme or the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media’s Live Performance Support.  In order to be eligible the business must pay rates to a public authority.

The 31 Local Authorities in every county are taking applications today with a closing date of 21st April, 2021 for the first round of the scheme. Interested businesses should contact their local authority.