Music & Entertainment Assistance Scheme

Introduction

The COVID-19 crisis has had an unprecedented impact on those in the live entertainment sector. As part of a suite of measures to support those in the sector, the “Music and Entertainment Business Assistance Schemes I and II” (MEBAS) were launched a targeted support for businesses operating solely in the live entertainment sector that did not qualify for other business supports and were significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. MEBAS Phase 2 will open as a further targeted support to those in the sector. Grants will be paid to successful applicants as a contribution to the businesses costs. Grants will be paid to successful applicants as a contribution to the businesses costs. 

Aims of the scheme

Under this scheme, payment will be made on a once-off grant basis, as a contribution towards fixed costs to assist businesses that have seen significant reductions in their turnover due to the COVID-19 pandemic.

To be eligible for this scheme the business must be ineligible for and not in receipt of support under the Covid Restrictions Support Scheme (CRSS) operated by Revenue.

How to qualify

The following businesses will NOT be eligible:

• Businesses that are eligible for, or in receipt of the COVID-19 Restrictions Support Scheme (CRSS). 

• Businesses that are in receipt of or eligible for the Phase 2 of Small Business Assistance Scheme COVID-19 (SBASC- Phase 2). 

• Businesses that are eligible for, in receipt of, or have received the Fáilte Ireland Business Continuity Scheme

• Businesses operating from a rateable premises

• Businesses with VAT-exclusive turnover of less than €15,000

• Businesses that do not intend to resume trading after Covid 19 restrictions have been lifted

• Registered charities, Not for Profit Organisations (NFP) or Companies Limited by Guarantee (CLG)

Strand A 

€1,500 for businesses with a VAT-exclusive turnover of €15,000 - €20,000 with minimum business costs of €1,600 incurred from 1st January 2021 to 31st December 2021.

 

Strand B 

€2,500 for businesses with a VAT-exclusive turnover of €20,000 - €50,000 with minimum business costs of €2,600 incurred from 1st January 2021 to 31st December 2021.

 

Strand C 

€4,000 for businesses with a VAT-exclusive turnover of €50,000- €100,000 with minimum business costs of €4,800 incurred from 1st January 2021 to 31st December 2021.

 

Strand D 

€5,000 for businesses with VAT-exclusive turnover in excess of €100,000 with minimum business costs of €6,000 incurred from 1st January 2021 to 31st December 2021.