Over 2500 businesses in County Meath have received grants totalling €7.48m under the Increased Cost of Business Grant Scheme

74,716 businesses have received the grant nationally, with €241.68m paid to businesses

Meath County Council has announced that over 2500 businesses in the county have received €7.48m in grant funding under the Government’s Increased Cost of Business scheme.

The ICOB grant was designed by the Department of Enterprise, Trade and Employment to help SMEs with the increased costs associated with running a business and was administered by the Local Authorities. 

Minister for Enterprise, Trade and Employment Peter Burke said, “I was delighted to get Government approval for this important scheme to help small and medium enterprises, which are the backbone of our economy. I have spoken to dozens of businesses around the country who have availed of the €240m paid out so far, and we will continue to work with and support them. I would also like to acknowledge the work of the local authorities across the country and thank all the staff involved.  They have contributed hugely to the success of the Scheme.”

Kieran Kehoe, Meath County Council Chief Executive said, “I warmly welcome this grant funding, which will provide significant relief for many Meath businesses.  Recognising the integral role that small and medium enterprises play in the heart of our communities across Meath, our commitment, as detailed in our Economic Development Strategic Action Plan, remains steadfast in supporting local businesses. This is demonstrated by an ongoing project to establish a Centre of Business Excellence in Navan and the appointment of a dedicated Business Relationship Manager. These steps are designed to guide our businesses toward a myriad of available supports, ensuring their growth and success in our vibrant community.”

A total of €257 million was made available under the Scheme.