Small Business Assistance Scheme for Covid [SBASC]

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Small Business Assistance Scheme for Covid [SBASC]

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County-wide

The Department of Enterprise Trade & Employment has 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 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.

Applications can be only be made on-line via https://submit.link/3d

For the Irish version please see - https://sbasc.submit.com//show/2  

The closing date for applications for the initial grant under SBASC is 21 April 2021.

General Points:

  • Minimum Turnover €50,000
  • Operate from a property that is capable of being a rateable property.
  • Must have a current eTax Clearance Certificate from the Revenue Commissioners.
  • 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
  • Not eligible for/be in receipt of CRSS for the period for which the grant covers or eligible for Fáilte Ireland’s Business Continuity Scheme or the Live Performance Support Scheme of the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media.
  • The business intends to resume trading in full once Government restrictions are eased.
  • Have 1 - 250 employees and a projected turnover of less than €25 million in 2021

For more detail please consult the Frequently Asked Questions.

To read the full press release by the Department of Enterprise, Trade and Employment in relation to the SBASC please click here.