How to Get your grant up to €5,000?
To qualify for this grant, your business must be located in a place that can be taxed by your local government. You also need to be up to date with your local tax payments.
Here’s how the grant works:
- If your business’s local tax bill for 2023 is €10,000 or less, you’ll get a grant equal to half of that bill.
- If your tax bill is between €10,000 and €30,000, you’ll receive a flat grant of €5,000.
- If your tax bill exceeds €30,000, unfortunately, you won’t be eligible for this grant.
Update – Businesses in the retail and hospitality sectors are entitled to a second payment for approved businesses and a double payment for new registrations. The closing date is now 29 May 2024.
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.
To complete your application, make sure you have the following information:
1. Council Customer Number and PIN: You will need to provide your council
customer number along with the associated PIN. You would have received these in a
letter from your local authority.
2. LAID Number: This number is available on your Rate Bill.
3. Legal Business Name: Your business’s official legal name.
4. Property Address: Include your property address along with the Eircode.
5. Email Address: Provide a valid email address.
6. Contact Number: This may be used to validate your bank account
details.
7. Bank Header: A statement showing your bank account details, company
or individual name, and date within the last three months.
8. Tax Registration Number (TRN): Ensure you have a valid TRN.
9. Tax Clearance Certificate: Depending on the grant value, a tax
clearance certificate may be requested.
10. Employee Count: The number of employees you employ (for statistical
purposes, not grant validation).
11. Self-Declaration:
– Your business is tax compliant.
– Your business has been commercially operating in 2024, trading since February 1, 2024, and intends to continue trading for at least
3 months following the submission of the self-declaration.
Payments will commence from late April 2024. Use of the portal is the most effective method for businesses seeking to avail of the grant.
https://www.mycoco.ie/icob
Click on the above link to start the registration process.
Please Note: As part of the Increased Cost of Business Grant Scheme all grant recipients will be published on the local authority website in November 2024.
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Author..
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