THE SMALL BUSINESS ASSISTANCE SCHEME (SBASC)
The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD, has opened applications for the €60m Small Business Assistance Scheme for Covid (SBASC). This scheme is open to businesses that are not eligible for or in receipt of the CRSS. It does not affect your right to any PUP you might be in receipt of.
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.
The scheme is available to companies, self-employed, sole traders or partnerships which employ fewer than 250 people and have a minimum turnover of €50,000 and maximum turnover of €25m and who intend to resume trading in full once Government restrictions are eased.
The turnover of the business over the claim period is estimated to be no more than 25% of the average weekly turnover of the business in 2019.
For businesses that commenced after 1st November 2019, the claim period will be 1st January to 31st March 2021, and 30th of June 2021, where applicable.
It is open to businesses not eligible for Revenue’s CRSS, the Fáilte Ireland Business Continuity Scheme, or the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media’s Live Performance Support.
To be eligible, businesses must pay rates to a public authority and must have a current eTax Clearance Certificate from the Revenue Commissioners.
The 31 Local Authorities in every county are taking applications today. Interested businesses should contact their local authority. Applications can be only be made on-line via Wexford County Council. The closing date for the first round of the scheme is 21st April, 2021.
Apply now through the Wexford County Council website here: https://bit.ly/2OKrk8E
For any frequently asked questions, please click here.
Should you have any queries, please contact us on 053 9122226.