The Increased Cost of Business (ICOB) grant has been extended
The Increased Cost of Business (ICOB) grant has been extended
The ICOB grant is a once-off payment to help businesses cope with rising costs.
- Eligible businesses receive the grant based on their 2023 Commercial Rates bill:
- For businesses with a 2023 bill of less than €10,000, the grant is 50% of the bill.
- For businesses with a bill between €10,000 and €30,000, the grant is €5,000.
- Businesses with a bill over €30,000 are not eligible.
The closing date for eligibility confirmation was May 1, 2024 and this has now been re-opened from 15 May to 29 May.
What’s Needed:
- Details on the Company applying:
- Nature of the business,
- Employee Numbers,
- Business Address and Eircode.
- Customer Number and PIN (as provided on letters from Council/Department of Enterprise Trade and Employment).
- Property ID (As seen on your Company’s Rates Bill).
- A copy of your Company’s bank statement header dated within the last 3 months and showing Account Details. (Statement can be cropped to avoid showing transactions).
- Tax Clearance Certificates may be requested.
For more information, you can visit the ICOB website at icob.ie or your local Council’s website.
