Central Area Headquarters, Dublin 1
Enterprise Support Grant Available to Small Business Owners
26 June 2020
The Minister for Employment Affairs and Social Protection, Regina Doherty today announced that her Department’s Enterprise Support Grant will be made available to assist self-employed recipients who are exiting the Pandemic Unemployment Payment (PUP) scheme with a once-off grant of up to €1,000 to re-start their business.
The grant will be payable to self-employed micro enterprises which employ fewer than 10 people, have an annual turnover of less than €1 million and are not eligible for support from the COVID 19 Business Restart Grant or other similar business reopening grants.
Minister Doherty explained:
“We want to get Ireland back working again. In many cases, this means tackling the roadblocks and obstacles which stop an otherwise viable business from getting back up and running or simply giving them a helping hand. It is crucial that we approach this task in an innovative and flexible manner and this is what underpins today’s announcement.
“Some small self-employed businesses may face difficulties in transitioning from the Pandemic Unemployment Payment to a reliance on normal trading income, particularly in situations where normal trading conditions have not fully resumed. The Enterprise Support Grant operated by my Department is normally paid to people who are in receipt of jobseeker payments who close their claim to start their own business/enter self-employment as a micro-enterprise. It usually helps people leave unemployment to start a new business but I am going to apply the scheme to help existing small businesses – typically trades people or sole traders – return to work and to give that return a helpful boost.”
The extension of the grant to eligible recipients of the Pandemic Unemployment Payment will provide businesses with a once-off payment of up to €1,000. The Grant will be awarded to tax and PRSI compliant self-employed individuals who:
- Have been in receipt of the Covid-19 Pandemic Unemployment Payment and have closed their claim;
- Have reopened their business;
- Employ fewer than 10 people;
- Have an annual turnover of less than €1 million;
- Are not eligible for other similar Covid business re-start grants from other Government Departments;
- Are not liable for commercial rates;
- Produce VAT receipts/invoices in respect of business re-start costs and expenses claimed.
It is envisaged that those who close their PUP claim will have a period of 4 weeks, from date of claim closure, within which to submit a claim. This is to allow time for claimants to incur the necessary expenditure, gather receipts and submit a claim.
Now that a decision has been taken to extend the scheme in this manner, the Department is developing the systems to put it into effect and will communicate how to access the grant in the coming weeks.
Stay in touch
Subscribe to our mailing list to stay up to date with news and events