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.