Chamber fears new rates will add to pressure on businesses in Co Cork

Cork County Council passed €538m Budget for 2027 which will include a 7.25% increase in commercial rates

Conor Healy, CEO, Cork Chamber says new commercial rates agreed by Cork County Council will place additional pressure on businesses already facing rising operating costs. Picture: Larry Cummins

New commercial rates agreed by Cork County Council will place additional pressure on businesses already facing rising operating costs, Cork Chamber has warned.

On Wednesday, Cork County Council agreed a €538m Budget for 2027, which will include a 7.25% increase in commercial rates for 2027. While welcoming  further increases are expected up to 2029, Cork Chamber CEO Conor Healy, said businesses are already navigating rising employment, energy, and insurance costs.