Thu. Oct 31st, 2024

Limerick Businesses Receive €11.4 million in Grant Funding Limerick

Limerick city. Picture: Eric Clarke
The Government’s ICOB scheme has awarded 2,894 Limerick businesses with funding

Limerick City and County Council have announced that 2,894 businesses in the region have collectively received €11.4 million in grant funding under the Government’s ICOB scheme.

The Department of Enterprise, Trade and Employment put forward the grant with the aim to help SME’s with increasing costs associated with running a business. The program was administered by local authorities. 

The ICOB grants scheme, represents a crucial support for SME’s navigating the challenges surrounding rising costs. 

“By working closely with the local business community, the Commercial Rates team, and other departments at Limerick City and County Council have been able to ensure that nearly 2,000 businesses receive support through the Increased Cost of Business Grant scheme,” said John Moran, Mayor of Limerick.

“The €11.4 million in funding not only helps businesses manage increased costs but also strengthens our community’s economic resilience. We are proud to stand alongside our local enterprises, fostering an environment where they can grow and succeed.” 

“I was delighted to get Government approval for this important scheme,” said Peter Burke, Minister for Enterprise, Trade and Environment. “I have spoken to dozens of businesses across the country that have benefitted from the €240 million disbursed so far, and we will continue to support them.

“I would also like to acknowledge the local authorities for their significant contributions to the scheme’s success.” 

“I’d like to express my gratitude to the Department of Enterprise, Trade, and Employment and my colleagues in the Council for their dedication to supporting the local business community,” remarked Dr Pat Daly, Director General at Limerick City and County Council.

“The funds accessed by businesses in Limerick reflect their active engagement with us and with the department, enabling the continued delivery of vital services to the people of Limerick.”