Government Measures to Support SMEs

The government has agreed a range of measures with the aim of reducing costs for small and medium sized businesses. Key measures include:

• Reopening the Increased Cost of Business (ICOB) Scheme until 29 May;
• Introducing a second payment of ICOB for businesses in the retail and hospitality sectors;
• Doubling the Innovation Grant Scheme to €10,000; and
• Increasing the maximum amount available under the Energy Efficiency Grant Scheme to €10,000 and reducing the business contribution rate from 50% to 25%.

Find out more about the Government’s support measures here.

For more information on Increased Cost of Business and registration, please visit icob.ie.