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There are only two days left to apply for the Increased Cost of Business Grant! As part of Budget 2024, the Minister for Trade Simon Coveney has introduced an Increased Cost of Business (ICOB) grant for small and medium-sized businesses, with payments commencing this month. The deadline to apply for this grant is May 1st, 2024.

This one-time payment will help businesses cope with the increasing costs of running a business, with grants of up to €5,000 available for qualifying businesses. These grants will be distributed based on bills from 2023. Businesses with a 2023 rates bill for their property of up to €10,000 will receive a grant that amounts to half of their bill. Those with a 2023 rates bill for their property ranging from €10,000 to €30,000 will receive a fixed grant of €5,000. Businesses with a 2023 rates bill for their property over €30,000 unfortunately won’t qualify for this grant.

This is a great opportunity for hospitality owners across the country. Find out more details and register here: https://www.mycoco.ie/icob