Over 730 Longford businesses receive €2 million funding to tackle increased costs

Longford County Council has announced that 732 businesses in County Longford have received €2,077,215 in grant funding under the Government’s Increased Cost of Business (ICOB) 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.

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Minister Peter Burke said he was very pleased to get the go-ahead for the funding allocations.

"I am delighted to get Government approval for this important Scheme to help small and medium enterprises who are the backbone of our economy," he added. 

Minister Burke stated he has spoken to dozens of businesses around the county here and he is delighted that 732 of them availed of €2.077m worth of grants.

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The Longford TD said he we will continue to work with and support these businesses."

 €257 million was made available under the  scheme.