SMALL BUSINESS ASSISTANCE SCHEME FOR COVID [SBASC]
The Department of Enterprise Trade & Employment has today Thursday 11th March, 2021 launched the Small Business Assistance Scheme for COVID (SBASC) which is intended to target those businesses with operating costs that do not qualify for the COVID Restrictions Support Scheme (CRSS) operated by the Revenue Commissioners. The eligibility criteria for both schemes are similar. The main difference between SBASC and CRSS is the requirement, in the case of CRSS, for the public to have access to a business premises. SBASC also aligns with recently announced grant schemes for the tourism, arts and entertainment sectors.
The grant, which is available as a contribution towards fixed costs to assist a business to keep operational for an eventual re-opening, is only available to an applicant operating from a rateable property. The scheme covers the period 1 January 2021 to 30 June 2021. Each eligible applicant will receive a payment of €4,000 with an additional payment of €4,000 from May 2021 to applicants continuing to meet the scheme eligibility criteria, which is set out in Frequently Asked Questions below.
The closing date to apply for the initial grant under SBASC is 21st April 2021.
Please not that if you are in receipt of the COVID RESTRICTIONS SUPPORT SCHEME (CRSS), you are not eligible for additional grant-aid under the Small Business Assistance Scheme for COVID (SBASC).
Additional information on the Small Business Assistance Scheme for COVID is available here:FREQUENLY ASKED QUESTIONS ON SBASC.
Please review the criteria for qualifying for the grant in advance of submitting your application to ensure that you satisfy the eligibility criteria for the scheme.
SUBMITTING YOUR ONLINE APPLICATION
If you wish to submit an application for the Small Business Assistance Scheme for Covid (SBASC) - you can do so by accessing the following link: https://sbasc.submit.com/show/1
PLEASE NOTE THAT THE CLOSING DATE FOR APPLICATIONS UNDER THE SMALL BUSINESS ASSISTANCE SCHEME FOR COVID IS WEDNESDAY 21ST MARCH, 2021. IF YOU HAVE COMMENCED THE ONLINE APPLICATION PROCESS AND YOUR FORM IS IN DRAFT FORMAT, PLEASE ENSURE THAT YOU COMPLETE ALL RELEVANT SECTIONS OF THE FORM BY THE CLOSING DATE OF 21ST APRIL, 2021.