Business on the brink in Portlaoise

There was a major blow to Portlaoise last week, as two long standing business face an uncertain future.

There was a major blow to Portlaoise last week, as two long standing business face an uncertain future.

Main Street stalwarts, Egan’s Hostelry, who were placed in receivership earlier this month, has failed to open since last Friday.

Beside the vacant Shaw’s building, the closing of Egan’s leaves a massive void at the bottom of Main Street.

Meanwhile, talks were taking place with staff in DIS Enbi yesterday (Monday), as the seals manufacturing company also entered receivership.

The chairperson of the Downtown Portlaoise traders group, Margaret O’Sullivan, said they were devastated for the Egan family and their staff.

“We are hoping this is solved quickly and the business can be re-opened,” she said.

“The Downtown group are fighting to keep business open on Main Street. ”

Councillors were informed last week of a grant incentive for new businesses to locate in premises that have been vacant for a period exceeding six months.

Premises vacant for more than six months would be eligible for a grant of 75% of the rates in year one, 50% in year two and 25 % in year three.

In year four the full amount of the rates due must be paid in that financial year.

The property must be owned by the applicant or subject to a minimum 12 months lease.

Evidence of the lease must be provided to the Council.

The location of the building is also limited to Main Street, from the Market Square roundabout to Bridge Street.

Takeaways, amusement arcades, head shops, betting offices, nightclub, public houses, and cash for gold or cash for clothes type business will not be able to avail of the scheme.