SERVICES
Monaghan County Council has announced that 1,161 businesses in the county have received €3,165,021.46 in grant funding under the Government’s Increased Cost of Business scheme.
The ICOB grant was designed by the Department of Enterprise, Trade and Employment to help SME’s with the increased costs associated with running a business and was administered by the Local Authorities.
Minister for Enterprise, Trade and Employment, Peter Burke said:
“I was delighted to get Government approval for this important Scheme to help small and medium enterprises who are the backbone of our 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.”
Monaghan County Council Chief Executive Officer Robert Burns said:
“I am delighted that we in Monaghan County Council have been able to facilitate the payment of the ICOB grant to local small and medium enterprises businesses across the county. I am also particularly proud that the MyCoCo build-to-share software platform developed by Monaghan County Council was instrumental in the effective and efficient administration and payment of the grant nationally.”
A total of €257 million was made available under the Scheme.