Eligibility for the €60m Small Business Assistance Scheme was extended today for COVID (SBASC) to include businesses operating from a non-rateable premise like a home business or yard. The Micro Enterprise Assistance Scheme has also been re-launched so that our smallest businesses, those with a turnover of less than €50,000 can apply for a grant of €1000 to help with fixed costs.
The Minister of State for Business, Employment and Retail, Damien English TD said: “At the heart of Ireland’s jobs-led revival will be the small business community who made major sacrifices during the pandemic to sustain their operations. For many negatively impacted upon by Covid, their efforts are firmly fixed on trading successfully once again as the economy continues to reopen and the remaining public health restrictions are eased.
This second round of SBASC will reach a further cohort of businesses and will contribute towards some of the ongoing fixed costs associated with maintaining operations. I am optimistic that small firms can return to viability and contribute positively to the economic recovery.”