Dáil Éireann Debate, Tuesday - 5 November 2024
348. Deputy Michael McGrath asked the Minister for Enterprise, Trade and Employment if he will address a query in respect of grant support for certain businesses (details supplied); and if he will make a statement on the matter. [45151/24]
Amharc ar fhreagraAs you know, I recently announced the Power Up Grant with a budget of €170 million as part of Budget 2025. The Power Up Grant builds on the success of the Increased Cost of Business Scheme. This grant is for businesses in the hospitality, retail and beauty sectors. The ICOB registration process was a self-declaration process whereby a business supplied information in order to register for the ICOB scheme. In order to be eligible for the grant, a business in the hospitality, retail and beauty sectors must have received the second ICOB grant.
If a business did not receive a second ICOB grant payment then they are not eligible to receive the power up grant.
The ICOB scheme is now closed and it is not possible to reopen that scheme to reclassify a business.
