Power Up grant of €4,000 available to businesses in the hospitality and retail sectors
The deadline for registration has been extended. Register on mycoco.ie/powerup by Friday, 22 November 2024.
Local Authorities are 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.
Eligibility
Power Up eligibility is aligned with the Increased Cost of Business (ICOB) scheme. A business in the retail, hospitality or beauty sector that received a second payment under the ICOB scheme is eligible to register for the Power Up grant.
Eligible businesses that received a second payment under ICOB must continue to meet the ICOB eligibility requirements and confirm the following on the Power Up registration portal:
- your business must have received a Commercial Rates Bill equal to or less than €30,000 in 2023
- your business must currently operate from a property that is commercially rateable
- your business must currently be trading and you must intend to continue trading for at least three months from the date you verify your information (including those seasonally closing businesses who intend to reopen in Spring 2025)
- you must provide confirmation of your business bank details, including a bank header from the last 3 months
- your rates account must be up to date. Businesses with approved performing payment plans may be deemed compliant. Compliance will be verified by the relevant Local Authority
- your business must be tax compliant and possess a valid Tax Registration Number (TRN)
Businesses in the hospitality, retail and beauty sectors that did not receive the second payment under ICOB may be eligible for Power Up if they were trading in 2023 from a rateable premises but were unable to apply for ICOB as they did not have a 2023 commercial rates bill. These businesses must also fulfil the eligibility criteria outlined above.
Register NOW
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 the rates section of your Louth County Council on 042 9335457.
