New Covid Support Now Available
Applications open today for the €60m Small Business Assistance Scheme for Covid (SBASC), aimed at businesses which are ineligible for the CRSS and other sector-specific grants. Businesses down 75% or more in turnover are among those expected to benefit. Dublin Chamber has repeatedly highlighted the exclusion of certain companies from existing Covid-19 supports, and while the funding under this scheme is modest, it represents a positive step. 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. 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. You can read more about the scheme here.
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. Please keep Dublin Chamber informed on any issues you encounter in relation to this support by emailing firstname.lastname@example.org.