Small and medium businesses in the retail and hospitality sectors are to receive grants of up to €5,000 under a new round of the Increased Cost of Business scheme worth €66 million.
The package of supports, which will be launched by Minister for Enterprise Peter Burke today, will also increase the maximum amount available under the Energy Efficiency Grant for small businesses to €10,000.
Minister Burke is also set to announce a change to the PRSI threshold from €441 to €496 from next October. The Government has agreed that employers' PRSI must be considered by the Low Pay Commission when recommending future changes to the minimum wage.
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