Tourism Business Continuity Scheme – Applications Open
Survival scheme for tourism businesses to assist with fixed costs.
A new €55m support fund has been launched to assist tourism businesses that have been impacted by the Covid-19 pandemic.
The Tourism Business Continuity Scheme will be administered by Fáilte Ireland and eligible businesses may receive grants of up to €200,000.
The scheme is aimed at providers of tourism services who have been unable to qualify for assistance under the Government’s Covid Restrictions Support Scheme (CRSS) or earlier grant schemes.
This is primarily a survival fund designed to contribute to the fixed costs for tourism businesses.
Gant amount will cover time period from October 2020 to June 2021.
The scheme launches in March 2021 and is open now for applications.
Eligibility
Key criteria include:
- As a result of COVID-19, a business’s average monthly turnover in the 4-month period October 2020 – January 2021 must be down at least 75% compared to the average monthly turnover for the period January to December 2019
- The business must have a minimum annual turnover of €50,000
- The business must not be eligible to apply for the Covid Restrictions Support Scheme (CRSS) or be eligible for funding through the Fáilte Ireland Coach Tourism Business Continuity Scheme or Ireland Based Inbound Agents Business Continuity Scheme.
- The applicant business entity must not be in public ownership, nor manage/ operate a tourism asset on behalf of a public body.
Grant Amount
The fund is €55m in total.
Minimum grant is €3,750 and the maximum grant is €200,000.
How to Apply
Full details of the applications process are available on the Failte Ireland Website via the link below.
>>Failte Ireland – Tourism Business Continuity Scheme | Funding
Should you have any queries in relation to business supports, business continuity or any area of business or financial advice, do get in touch at 0818 303087 or email info@avidpartners.ie.
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