Fund designed to help small businesses get back on their feet
Mayo County Council has begun 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.
Key details: (1 ) Restart Fund is based on 2019 commercial rates demand; (2 ) Applies to small businesses with a turnover of under €5m and employing 50 people or less; (3 ) Applications will close on August 31. · Applications via www.mayo.ie; (4 ) 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, said: "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 and safety measures for staff and 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, welcomed the fund, saying: "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.”