The number of applications approved for the Energy Efficiency Grant has nearly doubled since the government made a series of revisions to its terms in July.
The grant, which is administered by the Local Enterprise Offices (LEO), is for businesses that want to become more sustainable by investing in new energy efficient equipment, smart control systems, heat recovery, etc.
Between January and the end of July, LEOs approved 51 applications with a combined value of €245,346.
In July, the maximum amount available under the grant increased to €10,000, and the business contribution rate decreased from 50% to 25%. Since then, the number of applications approved has increased to 97, with a total value of €634,480.00
“Sustainability is good for business. By cutting energy costs, businesses will save money. That is why I was keen to make it as attractive as possible, for as many businesses as possible, to draw down on the Energy Efficiency Grant,” said Minister for Enterprise, Trade & Employment Peter Burke.
“It’s …