Cork Business Association (CBA) is concerned about the potential increase in commercial rates, as reported in ongoing discussions for the 2025 Cork City Council budget. While we recognise the challenges the council faces in addressing the projected €3 million deficit, raising commercial rates by up to 3% would place an additional burden on already struggling businesses.
Small businesses are grappling with immense pressures from rising costs, including energy, materials, and wages. A further increase in commercial rates could push more businesses towards closure, undermining the vitality of Cork City’s economy.
We urge Cork City Council to explore alternative measures to balance the budget without disproportionately impacting businesses. We fully support the call to extend the rates rebate scheme and target relief toward businesses most affected by the rising costs of operation. Additionally, we back the appeal to the Local Government Minister for increased funding to alleviate the financial strain on local businesses.
The CBA is committed to working with Cork City Council and advocating for the interests of Cork’s business community. We call for innovative solutions that preserve both the fiscal health of the city and the viability of the small and medium enterprises that are the backbone of Cork’s local economy