A total of 1065 businesses in County Roscommon have received grants totalling €2,606,537 under the Increased Cost of Business Grant Scheme.
Nationally, a total of 74,716 businesses have received grants across the country. Under the scheme, €241.68 million has been paid to businesses with a total of €257 million made available under the 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.
Responding to the take-up for the scheme, Chief Executive of Roscommon County Council Shane Tiernan said feedback from businesses in respect of the grant had been very positive.
“I would like to acknowledge the significant Government funding provided by the Department of Enterprise, Trade and Employment under the Increased Cost of Business Scheme.
“This Government intervention will impact positively on several small and medium enterprises around the county by providing a welcome cash injection to support their business. Roscommon County Council processed a total of 1065 grants to the value of €2,606,537 since the scheme was introduced earlier in 2024.
“The overall feedback to the additional funding from across the SME sector has been very positive. I hope to continue to work closely with and support the SME sector in the future who play such an important role in the development of the local economy.
“I would also like to acknowledge the significant role of all the staff involved from both within the local authority and from the LGMA/Department of Enterprise, Trade & Employment in making this scheme a major success”, Mr Tiernan concluded.
Minister for Enterprise, Trade and Employment, Peter Burke said small and medium enterprises were the backbone of the economy.
“I have spoken to dozens of businesses around the country who 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,” said Minister Burke.
