Financial Support for Businesses in the Hospitality & Retail Sectors

29/10/2024

Power Up grant of €4,000 is available to businesses in the hospitality and retail sectors.

Register before Friday 22 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 your Local Authority.

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.