The Small Business Assistance Scheme for Covid (SBASC) has opened for a second round of applications from both SMEs and microenterprises.
From today SMEs and microenterprises can apply for a grant of €4,000 for those with turnover above €50,000 and €1,000 for microenterprises with a turnover of between €20,000 and €49,999.
They can apply through a new streamlined application process through their Local Authority or Local Enterprise Office.
After a recent Government decision, businesses operating from non-rateable premises, such as a home office or hot-desk are also eligible to apply.
SBASC is for businesses which are not eligible for the Covid Restrictions Support Scheme (CRSS) or other sector specific grants and whose turnover is down 75% due to the impact of Covid-19.
Those who applied under Phase 1 are still eligible to apply for a second payment of €4,000 or €1,000 if they continue to meet the criteria.
Interested businesses should contact their Local Authority or LEO and the closing date for Phase 2 applications is July 21.
Businesses in receipt of the Employment Wage Subsidy can apply for and receive this grant without it affecting their claim. It is a grant, not a loan or tax credit and is not re-payable.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said the scheme will help small businesses not eligible for other schemes with their fixed costs.
"Our aim throughout the pandemic has been to include as many businesses as possible with all the Government funding schemes that are in place", Leo Varadkar said.
"Interested businesses can apply from today through their Local Enterprise Office (LEO) or Local Authority and I'd encourage them to do so", Mr Varadkar said.
"I know it's a modest enough grant but it will make a big difference in helping with utility, IT, legal and accountancy bills and the other fixed costs incurred by a business," he said.
"My message to those running businesses today is that the Government will continue to help you as you get back on your feet. Brighter days are ahead," he added.
Minister of State for Business, Employment and Retail Damien English said that SBASC will support those small and micro businesses in Ireland who will play a pivotal role in maintaining jobs and creating new opportunities for employment right across the country.
"I urge qualifying businesses to apply for this support to help them through the next few months as the economy emerges once again from the impact of the pandemic," he added.
Minister for Trade Promotion, Digital and Company Regulation Robert Troy said that small businesses are the backbone of the economy and their recovery will be central to the jobs-led recovery.
"As we gradually reopen society, the expansion and streamlining of SBASC for Q2 applications to assist both small and micro enterprises will help address some of their fixed costs as they get back to business. While modest, Government is committed to supporting their long-term viability, particularly as we move into the early stages of recovery," he added.