Just one-third of Galway business eligible for the Government’s Restart Grant have actually applied for the scheme which aims to bolster small enterprise as Covid-19 restrictions ease.
It was revealed this week that businesses in Galway City and County have received almost €4.5 million in grant aid under the scheme which offers grants of between €2,000 and €10,000 to commercial rates-liable enterprises.
To qualify for the €250 million scheme, businesses must have an annual turnover of less than €5 million; have 50 or fewer employee; and have a projected loss of revenue of 25% or more.
CEO of Galway Chamber Kenny Deery said there were many Galway businesses that had yet to apply for the grants, despite the fact that they were entitled to do so.
Only around 1,100 of the about 3,000 businesses in the city and county that may be due a pay-out have applied, and confusion over eligibility was contributing to that issue, he explained.
“Some businesses are of the view that they’re not eligible, but they need to realise that even if they only paid €500 or €1,000 in rates in 2019, they could still be eligible for €2,000,” he said.
Those who were in rates arrears were also entitled to the grant, said Mr Deery, adding that as long as a business had a rates liability in 2019, they could apply for the grant.
“The payment have just started being paid out to those who applied about two months ago, so it has been slow in terms of progressing those applications.
“What I would be saying to small businesses is that they would need to sell a lot of cups of coffee or a lot of sandwiches to make €2,000 or €5,000 in profit,” said Mr Deery.
For more, read this week’s Connacht Tribune.
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