Today (1 May) is the deadline for businesses to register for the Increased Cost of Business Grant.
Funding of €257m was announced in Budget 2024 for the Increased Cost of Business Grant as a vital measure for small and medium businesses to meet increased costs.
Eligible businesses will receive a once-off grant payment with the amount payable based on the value of the Commercial Rates paid by the business in 2023.
“The registration process could not be simpler and once completed the money will be lodged to the business’s bank account. The help is there so please make sure to avail of it”
“It is a very simple process and takes about two minutes to complete,” said Minister for Enterprise, Trade and Employment Peter Burke TD.
“Local authorities have contacted businesses with a customer number and PIN. Just log on to the icob.ie portal and register these details, your self-declaration and bank details and take up this offer of practical financial assistance.”
Minister of State for Trade Promotion and Digital and Company Regulation Dara Calleary TD added: “With May 1st marking the deadline for registering for this grant I would advise all qualifying businesses to make sure they register so that they can receive the significant financial assistance available. The registration process could not be simpler and once completed the money will be lodged to the business’s bank account. The help is there so please make sure to avail of it.”
How to register for the grant
Your local authority will send you a letter containing your customer number and PIN. You’ll need this PIN to register, as well as to submit your self-declaration and bank details.
Businesses must register and provide their details by the deadline of 1st May 2024. We strongly advise registering early.
Payments will commence from late April 2024. Use of the portal is the most effective method for businesses seeking to avail of the grant. However, if you need help, don’t hesitate to contact us through the contact details on the letter received from your local authority.
To register go to the Increased Cost of Business Grant page.
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