Government has approved to extend the eligibility of SBASC and to relaunch the Micro Enterprise Assistance Scheme. I will continue to work with my colleagues across Government to ensure we address the needs of our smallest businesses. The update to the schemes today will give some level of help to those who need it.
- Businesses operating from non-rateable premises are now eligible for help with fixed costs through SBASC.
- Businesses with turnover under €50k can also avail of €1000 grant under the relaunched MircoEnterprise Assistance Scheme.
- Self-employed working from home, wedding planners, on-course bookmakers, travel counsellors & photographers among those expected to benefit
“The outlook is hopeful as we now enter the early stages of recovery but central to our economic recovery is the small and micro business community. We know businesses across the country continue to feel the impact Covid-19 has had on their normal operations. The expansion of the eligibility criteria of the SBASC to those working in non-rateable premises and the re-launch of support available to our micro enterprises through the Micro Enterprise Assistance Scheme is welcome, both of which I had been pushing for with my colleagues. While modest, both schemes will assist in addressing some of their ongoing fixed costs.
“I will continue to work with my colleagues across Government to ensure we address the needs of our smallest businesses and the update to the schemes announced today will give some level of help to those who need it most. Along with the other Government schemes and regulatory responses currently underway, I want small and micro businesses to know that we are committed to supporting their long-term viability.”