Oireachtas Joint and Select Committees

Thursday, 17 October 2024

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Supplementary)

5:30 pm

Photo of Emer HigginsEmer Higgins (Dublin Mid West, Fine Gael)
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Yes, the Estimate includes the power up grant. This grant is being provided by the jobs and enterprise programme. The finer details of it are being worked out at the moment. The ambition is that we will have €4,000 straight into the accounts of SMEs in the retail and hospitality sector over the next couple of months between now and the end of this year. That is subject to the same terms and conditions of the ICOB grant so that their rates bill is under €30,000. We are looking at making sure it is not just those who are eligible for that ICOB round 2, if you like. We are also looking at people who are rateable this year but who were not rateable last year. That is the change that has come into play to make sure we are capturing new entrants to the market that last year may not have been paying rates but that are paying rates this year.