FÁILTE IRELAND ANNOUNCE €55 MILLION BUSINESS CONTINUITY SCHEME

The scheme announced by Fáilte Ireland is for the tourism sector and is called the Tourism Business Continuity Scheme. The allocation of funds for this scheme was announced during Budget 2021 and delivers a small reprieve for the struggling industry.

Under the €55 million fund, businesses can apply for grants of between €3,750 and €200,000. To be eligible for the scheme, a business must:

• record a monthly turnover from October 2020 to January 2021 that is less than 25% of its average monthly turnover in 2019
• have a minimum annual turnover of €50,000 and minimum fixed costs of 10% of turnover
• not be eligible to apply for the CRSS (Covid Restrictions Support Scheme) or have received funding through the Fáilte Ireland Coach Tourism Business Continuity Scheme or Ireland Based Inbound Agents Business Continuity Scheme.

​Applications opened on February 11th on www.failteireland.ie/ business-continuity-scheme.aspx