Small Business Vacant Premises Incentive Scheme
Kilkenny County Council operates a Small Business Vacant Premises Incentive Scheme to aid regeneration of towns and villages, support job creation by viable businesses, ease financial challenges of start- ups and micro businesses.
The scheme provides a grant incentive for small businesses to occupy previously vacant commercial premises (i.e. vacant for 6 months or more).
The grant is based on a correlation to the business's commercial rates paid on a reducing basis over 3 years as outlined below.
Please note: Displacement of existing businesses (similar trading) will have to be taken into consideration; the applicant business must be involved in a trading activity that is not causing displacement to existing businesses in the area
The scheme applies to premises where the rates bill is €5000 or less.
| Rates eligible | Grant category | Maximum Grant award to Business |
End of Year 1 | Up to €5,000 | 75% | €3,750 |
End of Year 2 | Up to €5,000 | 50% | €2,500 |
End of Year 3 | Up to €5,000 | 25% | €1,250 |
Total | | | €7,500 |
The grant is payable when there is evidence of a full year’s rates payable to Kilkenny County council and tax clearance verification from Revenue.
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