Kildare County Council to rollout Increased Cost of Business Grants
As part of Budget 2024, the Government introduced a package of €257m for the Increased Cost of Business (ICOB) Grant as a vital measure for small and medium businesses. Kildare County Council, funded through Department of Enterprise, Trade and Employment (DETE), will manage the rollout of the grant to qualifying businesses in Kildare.
Eligible businesses will receive a once-off grant payment, a contribution towards the rising costs faced by businesses. The amount of the grant payable to eligible businesses is based on the value of the Commercial Rates bill the business received in 2023.
Kildare County Council will issue correspondence and guidance to commercially rateable businesses in the coming days on how to register for the grant. The closing date for businesses to confirm eligibility and upload verification details will be 1st May 2024.
To qualify for the grant, businesses must be rates compliant, tax compliant and possess a valid Tax Registration Number (TRN).
Details of the Increased Cost of Business (ICOB) Grant Rates:
- For qualifying businesses with a 2023 Commercial Rate bill of <€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
Queries on the grant should be directed to the relevant revenue collector or the rates office in Kildare County Council at 045-980656 or by email at rates@kildarecoco.ie.
