The Increased Cost of Business Scheme was announced in Budget 2024. It has been allocated €257m and it has been specifically designed to target smaller businesses.
It was initially opened for registrations between 14 March and 1 May. However on 15 May, I announced two changes to the Scheme as part of the wider SME package. Firstly registration was reopened for an additional two weeks to allow businesses another chance to sign up for the grant; and, secondly, those businesses operating in the hospitality and retail sectors that qualify for ICOB would receive a double, or second, payment under the scheme.
In total, there have been 72,719 registrations representing 81,650 businesses, or two-thirds of the potentially eligible businesses. All Local Authorities are doing everything possible to get payments out to qualifying businesses as quickly as possible. This is highlighted by the fact that almost €166million has now been paid out under the Scheme to over 67,000 businesses.
The requested figures are as follows:
Local Authority
|
Registrations
|
Properties
|
Approvals
|
Paid
|
Total Value of payments
|
Carlow County Council
|
1009
|
1169
|
1097
|
1097
|
€2,181,062
|
Cavan County Council
|
1229
|
1374
|
1195
|
1195
|
€1,638,151
|
Clare County Council
|
2074
|
2501
|
2036
|
2036
|
€3,809,737
|
Cork City Council
|
4097
|
4418
|
3533
|
3530
|
€9,018,693
|
Cork County Council
|
5658
|
6225
|
4890
|
4880
|
€8,690,620
|
Donegal County Council
|
2482
|
2881
|
2325
|
2325
|
€4,142,459
|
Dublin City Council
|
7983
|
8760
|
7873
|
7796
|
€20,808,704
|
Dun Laoghaire-Rathdown County Council
|
2675
|
2807
|
2392
|
2256
|
€9,506,755
|
Fingal County Council
|
3043
|
3258
|
2828
|
2827
|
€8,384,346
|
Galway City Council
|
1944
|
2130
|
1999
|
1999
|
€7,659,124
|
Galway County Council
|
1946
|
2235
|
2030
|
2030
|
€3,733,200
|
Kerry County Council
|
2613
|
2835
|
2030
|
1921
|
€4,007,594
|
Kildare County Council
|
3179
|
3284
|
3049
|
3048
|
€9,917,248
|
Kilkenny County Council
|
1494
|
1704
|
1565
|
1564
|
€2,704,187
|
Laois County Council
|
972
|
1083
|
973
|
891
|
€1,667,270
|
Leitrim County Council
|
495
|
550
|
485
|
485
|
€653,827
|
Limerick City and County Council
|
3159
|
4048
|
3603
|
3603
|
€7,110,318
|
Longford County Council
|
789
|
940
|
856
|
855
|
€2,067,316
|
Louth County Council
|
2056
|
2527
|
1904
|
1760
|
€3,480,031
|
Mayo County Council
|
2634
|
2805
|
1771
|
1771
|
€5,570,523
|
Meath County Council
|
2574
|
2751
|
1854
|
1854
|
€3,891,807
|
Monaghan County Council
|
1263
|
1473
|
1359
|
1359
|
€1,976,717
|
Offaly County Council
|
1046
|
1193
|
1028
|
1025
|
€2,088,858
|
Roscommon County Council
|
1070
|
1106
|
1035
|
1012
|
€1,510,512
|
Sligo County Council
|
1041
|
1147
|
1035
|
1035
|
€2,752,426
|
South Dublin County Council
|
3118
|
3739
|
2340
|
2274
|
€9,257,126
|
Tipperary County Council
|
2600
|
3156
|
2308
|
2308
|
€3,811,881
|
Waterford City and County Council
|
2150
|
2456
|
2101
|
2101
|
€6,260,549
|
Westmeath County Council
|
1440
|
1630
|
1584
|
1584
|
€4,498,980
|
Wexford County Council
|
2738
|
2964
|
2846
|
2846
|
€9,118,130
|
Wicklow County Council
|
2148
|
2501
|
2198
|
2174
|
€3,917,573
|
Totals
|
72,719
|
81,650
|
68,122
|
67,441
|
€165,835,726
|