Businesses are set to get a boost next year under new plans heading to Cabinet this morning.
Companies can receive up to 5 thousand euro back on their rates under the measures to be announced by Simon Coveney.
The Minister for Enterprise, Trade & Employment will bring details to government today for more than a quarter-of-a-billion euro in once-off grants to small and medium businesses.
Simon Coveney will tell cabinet that Increased Cost of Business grants will reach 95% of rateable companies totalling 143,000 in all corners of Ireland.
The grant is a once-off payment, not a rates rebate. The rates system has been used to identify qualifying enterprises in order to keep administration of the grants to a minimum
Minister Coveney will tell cabinet that owners that paid up to €10,000 in rates will receive a payment equivalent to a 50% return.
Businesses who paid between €10,000 – €30,000 will receive a once-off payment of €5,000 each.
The total budget for the scheme will be €257 million and the payments will be made in the new year.
