Power Up Grant of €4,000 is available to businesses in the hospitality sector
What is the Power Up Grant?
The Government announced the Power Up Grant as part of Budget 25 for businesses in the Retail and Hospitality sector. The Power Up Grant has a budget of €170 million and the grant to eligible businesses will be €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.
How can businesses register for this grant?
You can register for this grant on https://www.mycoco.ie/powerup.
You can also check this portal to see if your business meets the eligibility criteria.
Local Authorities are now emailing businesses who may be eligible for the Power Up Grant.
This email contains 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 the ICOB registration and is quick and easy.
If you have not received an email and think you may be eligible please contact your Local Authority.
What is the closing date?
The Powerup portal will be accessible until Friday, 22 November 2024.
Where can I find out further information?
If you have queries regarding your Commercial Rates account including outstanding balances, contact Longford County Council at rates@longfordcoco.ie or your rates collector. Our team are happy to discuss any balances outstanding on your rates and what steps can be taken to ensure compliance with the scheme.
Frequently Asked Questions
View the most frequently asked questions in relation to the Power Up Grant.
View the most frequently asked questions - as Gaeilge