Cllr Tony Murphy welcomes the Governments support to businesses affected by COVID-19May 5, 2020 ADMIN 0
Commercial rates for a three month period beginning on 27 March 2020, for all businesses that have been forced to close due to Public Health requirements will be waived. The Exchequer will fund councils for this initiative. The position post 27 June 2020 will be considered as part of a wider review of options, to support enterprises and employment, and associated local authority funding implications
The Government has also established a €250m Restart Fund targeting micro and small business that have suffered a dramatic loss of turnover due to Covid 19 restrictions and require assistance. The technical details of the Scheme and how the fund will be administered will be developed by the relevant Government Departments in the coming weeks.
It appears that the Scheme will be linked to ongoing engagement and employment of staff and may be implemented via commercial rates rebate / waiver where businesses would receive no more than the equivalent of their 2019 rates bill capped at €10,000 per business.
If YOUR or SOMEONE YOU KNOW are struggling and need help check out the local help/support available on our dedicated COVID-19 page.