CORONAVIRUS (COVID-19) – COVID BUSINESS AID SCHEME (CBAS)

Following another period under Government ‘lockdown’ restrictions as a result of Coronavirus, some affected businesses that have been unable to access many of the Governments’ support scheme(s) are now able to avail of a new Government grant.

The CBAS grant has been specifically developed to ‘reach’ businesses that have not been eligible for other grants (such as the CRSS scheme), and provides a small grant as a means of offsetting some ‘fixed’ operating costs e.g. business rates.   

The COVID Business Aid Scheme (CBAS) is a new €60m scheme announced by the Government,
which has been developed specifically to provide grants to businesses – that have not been eligible
for other Government schemes.

Most of these other schemes have been aimed at supporting businesses with ongoing ‘fixed costs’
e.g. staff or business rates etc., and so the CBAS is focused support for these businesses in a similar
way.

The scheme is aimed at businesses that broadly meet the Coronavirus Restrictions Support Scheme
(CRSS) criteria, with the exception of the condition that customers are unable or restricted from
coming onto the premises.

The scheme will offer a grant of up to €8,000 which will be spread equally over two quarters.

Further details of the scheme are still being finalised, however we outline the information about the CBSA scheme (as far as we know it) below!

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