Increased Cost of Business Grants now Available

As part of Budget 2024, the Government approved a package worth €257m for the ICOB grant. The Rates Administration section of South Dublin County Council funded by the Department of Trade, Enterprise and Employment, will manage the rollout of the grant to qualifying businesses in our administrative area.

The scheme provides for a once off grant payment based on the value of the Commercial Rates bill received on the property in 2023. The categories of payment are as follows:

• For qualifying businesses with a 2023 Commercial Rate bill of less than €10,000, the ICOB grant will be paid at a rate of 50% of the business’s Commercial Rate bill for 2023.

• For qualifying businesses with a 2023 Commercial Rate bill of between €10,000 and €30,000, the ICOB grant will be €5,000.

• Businesses with a 2023 Commercial Rates bill greater than €30,000 are not eligible to receive an ICOB grant.
  

What businesses are eligible to receive the grant?

The following are the main qualifying criteria:

• The business must be a commercially trading business currently operating from a property that is commercially rateable.

• The business must have been trading on 1st February 2024 and must intend to continue trading for at least three months from the date it verifies its information.

• The business must provide confirmation of its bank details.

• The business must be rates compliant. Businesses in performing payment plans may be deemed to be compliant.

• The business must be tax compliant and must possess a valid Tax Registration Number (TRN).

Eligible businesses can apply through the portal at www.icob.ie  and the closing date is the 1st May 2024.

Further information can be found on the SDCC website at the following link: Increased Cost of Business Grant - SDCC