John M Shanahan & Co.

linking practice to business

Chartered Accountants
Registered Auditors

Phone: 057 93 22100

email: info@shanahan.ie

Re-start Grant for small Business

Financial Supports for Business - Government approves details of “Restart Grant” for small businesses.

May 22, 2020

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a moment to look at Grant Aid chanelled through your Local County & City Councils.


The Government has agreed details of the new €250m Re-start Grant, which will give direct grant aid to micro and small businesses, helping them with the costs associated with re-opening and re-employing workers following COVID-19 closures.
The Grant will be available to businesses with a turnover of less than €5m and employing 50 staff or less, which were closed or impacted by at least a 25% reduction in turnover out to 30th June 2020. It is a contribution towards the cost of re-opening or keeping a business operational and re-connecting with staff and customers.

The grants will be equivalent to the rates bill of the business in 2019, with a minimum payment of €2,000 and a maximum payment of €10,000.

To avail of the Restart Grant, a business must be in the Local Authorities Commercial Rates Payment System and:

  1. Have an annual turnover of less than €5m and employ between 1 to 50 people;
  2. Have closed and/or suffered a projected 25%+ loss in turnover to end June 2020;  
  3. Commit to remain open or to reopen if it was closed;
  4. Declare the intention to retaining employees that are on The Temporary Wage Subsidy Scheme (TWSS) and to re-employ staff on the Pandemic Unemployment Payment where applicable

The grant can be used to defray ongoing fixed costs, for replenishing stock and for measures needed to ensure staff and customer safety.

Applications for the Restart Grant can be made online to local authorities from Friday 22 May. For a list of Local Government County & City Council websites:

Visit: www.housing.gov.ie.

For local businesses, you will need to complete fully and submit the online Application form available here:

Restart Grant Online Application Form.

Offaly County Council will confirm and process your application.

This should help give businesses both time and space to adjust to the new normal.

We at JOHN M. SHANAHAN & CO. are here to help you with all your business, financial, accounting, statutory and taxation requirements, by providing expert, specialist and professional service tailored to meet your needs.

Phone 057 93 22100 or email info@shanahan.ie or use our contact form here- Contact Form.

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