Dáil Éireann Debate, Tuesday - 8 October 2024
157. Deputy Pearse Doherty asked the Minister for Enterprise, Trade and Employment when businesses that have not received the second payment of the increased cost of business scheme can expect to receive it; and if he will make a statement on the matter. [39986/24]
View answerThe Increased Cost of Business Scheme (ICOB) has successfully paid out €243m to date to almost 75,000 SMEs right around the country, including over 38,000 SMEs in the retail and hospitality sector. The ICOB scheme is now closed to registrations.
Eligible businesses in the retail, hospitality and beauty sectors were granted a second payment under the Scheme. Local Authorities are continuing to make payments to businesses and all payments to remaining eligible businesses will be made over the coming weeks. A business who is still waiting should contact their Local Authority directly for an update on payment times.
