Power Up Grant
Financial Support to assist businesses in the Hospitality and Retail Sectors
Power Up grant of €4,000 is available to businesses in the hospitality and retail sectors
Register before Friday 8 November.
Local Authorities are now emailing businesses who may be eligible for the Power Up grant.
The email includes 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 ICOB registration and is quick and easy. Please go to mycoco.ie/powerup for further information.
If you have not received an email and think you may be eligible, please contact powerupgrant@mayococo.ie
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.
Link to further information:
https://enterprise.gov.ie/en/what-we-do/supports-for-smes/power-up-grant/power-up-grant.html
Link to MyCoCo portal to register for Power Up Grant:
If you have queries regarding your Commercial Rates account, please contact your local Income Collector, contact details are listed on the back of your Rates Bill, and our team will be happy to discuss any queries you may have.