Athlone Chamber of Commerce shared its views on the Government’s Budget 2025. While the Chamber welcomes many of the initiatives announced, expressed its disappointment that the VAT rate for the hospitality sector was not reduced to 9%, a change strongly lobbied for. The hospitality sector is a key pillar of the Midlands economy and such a reduction would have provided much-needed relief to businesses still navigating the lingering effects of recent economic pressures.
The Chamber was pleased with the Government’s €3 billion funding for core infrastructure, in the areas of housing, water and power, as these investments are essential for sustaining economic growth, attracting investment and ensuring that local businesses can continue to operate efficiently.
On a personal level, the Chamber recognises the importance of the family and childcare supports outlined in the Budget. These changes represent a meaningful investment in communities, with positive effects on the workforce that indirectly benefit businesses through enhanced stability and productivity.
Additionally, the Chamber is encouraged by the continued investment in skills through the National Training Fund (NTF). This focus on upskilling and reskilling will ensure that Athlone and the wider Midlands region have the talented and adaptable workforce necessary to meet future challenges.
“Our local economy remains robust, with strong employment and healthy tax receipts that show the resilience of our businesses,” said Regina Bushell, President of Athlone Chamber of Commerce. “While we regret that the Government did not act on the VAT reduction for hospitality, and I feel SMEs will need to be supported by government giving the rise of the minimum wage which will have a knock-on effect on all wages and the additional costs associated with auto enrolment. However, we do acknowledge the significant investment in infrastructure and the business supports introduced.”
Tommy Hogan, CEO of Athlone Chamber of Commerce, added: “The Budget demonstrates an understanding of the pressures facing our business community, but we believe further action is required to address the specific needs of sectors like hospitality. We look forward to continued engagement with the Government to advocate for necessary reforms in the future.”
