Explainer: Everything SMEs need to know about costs grant before May deadline

Firms have until Wednesday next week to apply for the Increased Cost of Business grant, which is worth up to €5,000

Authorities will begin issuing payments for those already registered by the end of this week. Picture: Getty Images

As cabinet mulls over further supports for businesses, figures from Department of Enterprise yesterday highlighted the low take-up of the government’s Budget 2024 schemes thus far.

Just a week before the deadline for the Increased Cost of Business (ICOB) scheme, just a third of SMEs estimated to be eligible have applied.

Here’s all you need to know as an SME before applications close on May 1.

Who is eligible?

The roll-out of the €257 million ...