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Library of Knowledge No. 86

What is the Power Up grant?

The government announced the Power Up grant as part of Budget 2025 for businesses in the retail, hospitality and beauty sectors.

Power Up grant has a budget of €170 million and the grant for eligible businesses is €4,000. 

Who is eligible for Power Up?

There are two types of qualifying business:

• a business that received the second payment of Increased Cost of Business (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

Apply Now. Deadline is Friday 08th November 2024.

Eligible businesses must register on: https://mycoco.ie/powerup