Written answers
Thursday, 20 February 2025
Department of Enterprise, Trade and Employment
Business Supports
Darren O'Rourke (Meath East, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
48. To ask the Minister for Enterprise, Trade and Employment if he intends to expand the Power Up grant to include businesses that are currently excluded; and if he will make a statement on the matter. [6408/25]
Peter Burke (Longford-Westmeath, Fine Gael)
Link to this: Individually | In context | Oireachtas source
In total, the Increased Cost of Business (ICOB) and Power Up grant schemes paid out over €400 million to SMEs right across the country.
In order to get payments to businesses before the end of 2024, the Power Up grant was aligned with the ICOB scheme and a business must have received the second ICOB grant and be in the hospitality, retail and beauty sectors in order to receive the Power Up grant.
My Department is aware of issues that have arisen during the registration period, in particular, in relation to businesses that were ineligible for the grant due to incorrect classification of their business type while registering for ICOB. The Department is currently reviewing the issues that have arisen and will consider next steps in consultation with the Department of Public Expenditure, National Development Plan Delivery and Reform and the local authorities.
No comments