Emergency Business Flooding Schemes Announced in Wake of Storm Babet
Applications open until 1st Dec.
Minister Coveney announced the schemes this week which will provide humanitarian support contributions for small businesses, sports clubs, community, and voluntary organisations impacted by Storm Babet.
The standard Emergency Business Flooding Scheme will have two stages:
- The first stage will commence immediately and will provide a contribution of up to €5,000, depending on the scale of damage incurred. The intention is to process payments as fast as possible.
- If the premises have incurred significant damages above €5,000, businesses can apply for additional financial support, following an assessment by the Irish Red Cross. The total level of support available for both stages combined will be capped at €20,000.
Due to the exceptional severity of the flooding in some areas, the government has agreed to activate an Enhanced Emergency Business Flooding Scheme, that provides higher levels of financial support for businesses that have been severely affected in certain locations.
This will also have two stages:
- An initial application leading to a quick payment which will be capped at an increased upper limit of €10,000. While this will be an upfront payment it will be subject to assessment (post payment) and businesses will be required to refund any overpayment.
- A small number of applicants may have incurred significant damages and may seek assistance more than €10,000. In this case, a second stage will require a more detailed assessment of loss incurred. This will provide the scope for a further payment with the total payment available (initial and subsequent) capped at €100,000. This payment may also be subject to spots checks and subsequent audit in the future.
More details can be found here
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