Registration for Increased Cost of Business grant now open for Clare businesses
Clare County Council, funded through the Department of Enterprise, Trade and Employment (DETE), will manage the rollout of the grant
As part of Budget 2024, the Government signed off on a package of €257m for the Inceased Cost of Business (ICOB) Grant as a vital measure for small and medium sized businesses.
Clare County Council, funded through the Department of Enterprise, Trade and Employment (DETE), will manage the rollout of the grant to qualifying businesses.
Eligible businesses will receive a once-off grant payment. The amount of the grant payable to eligible businesses is based on the value of the Commercial Rates bill be business received in 2023. However, it is not a Commercial Rates waiver and businesses should continue to pay their Commercial Rates bill as normal.
The grant is available to qualifying businesses as a contribution towards the rising costs faced by businesses. The grant is intended to aid businesses but is not intended to directly compensate for all increases in wages, or other costs, for every business.
The grant is based on the value of the Commercial Rates bill received by an eligible business in 2023
Businesses must be a commercially trading business currently operating from a property that is commercially rateable.
They must have been trading on 1st February 2024 and must intend to continue trading for at least three months, and be rates and tax compliant.
Please note that Clare County Council reserves the right to claw back any grant payment which is later found to be incorrect.
This includes any circumstances such as error by the recipient business or the local authority making the payment, or where a business makes a false declaration of eligibility.
Businesses can use the ICOB portal which is available at mycoco.ie/icob.
Contact Clare County Council on 065-6846332 or email us at [email protected] for assistance in relation to the grant