Power Up grant of €4,000 available now
As part of Budget 2025, the Government has announced a new €4,000 grant called Power Up, to assist businesses in hospitality, retail and beauty sectors.
There are two categories of eligibility:
- Businesses that received the second ICOB payment and still meet ICOB qualifications.
- Retail and hospitality businesses without a 2023 rates bill may also qualify, provided they meet specific criteria (check with your local authority for eligibility).
Eligibility requirements mirror those of the ICOB and include:
- Operating as a commercially active, rateable business from a commercial property.
- Currently trading and committed to remain operational for at least three months post-application (including businesses seasonally closed until Spring 2025).
- Maintaining an up-to-date business rates account (payment plans are acceptable).
- Being tax compliant with a valid Tax Registration Number.
How to register?
<---Click here. If you have received the second payment of the Increased Cost of Business Scheme for retail and hospitality, you are eligible to apply for the Power Up grant through the MyCoCo portal by following the instructions provided.
Remember
Mark your calendars—the registration deadline is Friday, 8 November.
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