Westmeath temporary business supports top €1m - Troy

Local Fianna Fáil TD Robert Troy has confirmed more than €1 million has been paid to Westmeath businesses under the Temporary Business Energy Support Scheme (TBESS).

The Longford-Westmeath TD said 557 claims worth a total of €1.06 million were approved under the scheme as of March 1. The figures were given to Deputy Troy by Finance Minister, Michael McGrath, in response to a parliamentary question in the Dail on Tuesday last.

Mr McGrath said there were 570 registrations under the scheme as of March 1, of which 557 has been approved.

The Government introduced the temporary business energy support scheme last September to assist qualifying businesses with increased energy costs over the winter months.

The scheme was due to come to an end on April 31 but has been extended as part of the Government’s latest euro cost-of-living support package.

Deputy Troy said: “I’m delighted that more than €1 million has been paid to Westmeath businesses under TBESS. This a hugely importance support scheme for businesses who are trying to get to grips with the energy price hikes.

“The latest changes to the qualifying criteria for TBESS mean that more businesses are now eligible for the support. The threshold for qualification has been reduced from a 50% increase in electricity prices to a 30% increase. In addition, as of March 1, the level of relief has increased from 40% to 50% of eligible costs subject to a monthly limit of €15,000 per month.

“I would encourage all businesses who meet the criteria to apply for these very beneficial payments.”