The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD this week announced €160m of additional measures to help businesses during the pandemic, which have been agreed by Cabinet.
One of these measures, the €60m COVID-19 Business Aid Scheme (CBAS) is being developed to provide grants to businesses ineligible for the government’s other existing schemes designed to help with fixed costs.
The scheme is aimed at businesses that broadly meet the CRSS criteria other than the condition that customers are unable or restricted from coming onto the premises. The new scheme will offer a grant of up to €8,000 spread equally over two quarters.
Wholesalers, caterers and event suppliers (as an example) who operate from a building, or similar fixed physical structure on which business rates are payable but which are not open to the public are eligible. However, businesses operating from mobile premises, or premises which are not permanently fixed in place, would not be eligible as they do not meet the definition of business premises. Businesses operating from premises on which no rates are payable are also not eligible.
The additional measures announced as part of the €160m package include:
If you require assistance with any funding challenges or tax requirements you face as a result of the pandemic, please contact a member of our tax or corporate finance teams.
Download your simple guide to the CRSS scheme.