BUSINESSES across Limerick are set to get a share of €11.4million under the government’s Increased Cost of Business Scheme.
2,894 businesses from across the city and county will benefit from a share of the total €11.4million from the scheme that was introduced to help small and medium enterprises (SMEs) with the costs associated with running a business. The scheme is to be administered by local authorities nationwide.
Mayor of Limerick John Moran welcomed the funding, saying that it will help strengthen the resilience of Limerick’s economy.
“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 2,900 businesses receive support through the Increased Cost of Business Grant scheme,” Mayor Moran said.
“This €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.”
Director General of Limerick City and County Council Dr Pat Daly added that he would “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”.
Dr Daly said that “the funds accessed by businesses in Limerick is demonstrative of their active engagement with us, as a local authority, and with the department, allowing continued delivery of services to the people of Limerick.”
