POWER UP GRANT

Wed, 30 Oct 2024 15:52:00 GMT

Calling retail and hospitality businesses – register now for the €4,000 Power Up grant

Power Up grant of €4,000 available to businesses in the hospitality and retail sectors

Register on mycoco.ie/powerup by Friday, 8 November 2024.

Local Authorities are now emailing businesses who may be eligible for the Power Up grant. The email includes details on how to register. Don’t delay with registering, the Power Up registration portal is open for a limited time in order to get payments to businesses before the end of the year.

Registering is similar to ICOB registration and is quick and easy.

Please go to mycoco.ie/powerup for further information.

If you have not received an email and think you may be eligible please contact your Local Authority.

What is the Power Up grant?

The government announced the Power Up grant as part of Budget 2025 for businesses in the retail and hospitality sector. The Power Up grant has a budget of €170 million and the grant for eligible businesses is €4,000.

 Who is eligible for Power Up?

There are two types of qualifying business:

• a business that received the second payment of ICOB and continues to meet the ICOB criteria
• businesses in the hospitality and retail sector that did not have a rates bill in 2023 may qualify if they meet the criteria. Those businesses should check with their local authority to check eligibility once the scheme goes live

Supporting business - Power Up grant

€4,000 grant available for retail and hospitality businesses Register by 8 November enterprise.gov.ie/powerup

Retail and hospitality businesses - Government knows the cost pressures that you are under.

A €4,000 cash injection through the new Power Up grant is available to help you deal with higher costs, particularly energy costs.

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