Written answers
Wednesday, 9 April 2025
Department of Enterprise, Trade and Employment
Business Supports
Paul Lawless (Mayo, Aontú)
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81. To ask the Minister for Enterprise, Trade and Employment if he plans to reintroduce the increased cost of business scheme in 2025, or introduce a similar financial support package linked to commercial rates, given the ongoing challenges faced by ratepayers; and if he will make a statement on the matter. [17729/25]
Peter Burke (Longford-Westmeath, Fine Gael)
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Both the Power Up scheme and the Increased Cost of Business (ICOB) scheme are now closed, however it is worth noting that in 2024 over €400 million was paid to SMEs right across the country under these grant schemes.
My Department is reviewing an issue that has arisen in relation to businesses who misclassified their business sector when applying for ICOB. The review of that issue and discussions with the Department of Public Expenditure, National Development Plan Delivery and Reform and the local authorities are ongoing.
There are currently a range of financial and non-financial supports available to SMEs throughout the country. Two such supports available through Local Enterprise Offices are the Energy Efficiency Grant (EEG) and the Grow Digital Voucher.
The Government remains steadfast in our commitment to supporting Irish exporters through these challenging times. We are dedicated to helping businesses grow trade exports and explore potential new markets. Enterprise Ireland will continue to provide the necessary resources, guidance, and strategic support to help Irish companies navigate the evolving trade landscape and mitigate the effects of tariffs.
It is also important to note that the National Enterprise Hub online portal provides all business owners with a centralised signposting service of over 230 Government supports from 23 Departments and Agencies. The Hub has a team of expertly trained advisors who can help to diagnose the needs of your business and direct you to the appropriate available supports or indeed put you in direct contact with the relevant agency. The Hub team can be contacted through the website (www.neh.gov.ie) via live chat or by phone on 01 727 2100.
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