Northern Ireland Executive Announces Covid-19 Business Support Grants

Northern Ireland Executive Announces Covid-19 Business Support Grants

Thursday, 19 March, 2020

Emergency funding has been announced to help businesses in Northern Ireland cope with the impacts of the ongoing coronavirus pandemic.

Northern Ireland’s First Minister Arlene Foster and deputy First Minister Michelle O’Neill have announced new measures to help ease the immediate cash flow pressures experienced by businesses in relation to the coronavirus.

The Northern Ireland Executive will be providing:

  • A grant of £10,000 for all small businesses that are eligible for the Small Business Rate Relief Scheme.
  • A grant of £25,000 for all companies in the hospitality, tourism and retail sectors with a rateable value from £15,000 up to £51,000.

Together, these schemes will provide around £370 million of assistance to some of the most vulnerable businesses in Northern Ireland at this unprecedented time.

The Executive has already committed to providing a three month rates holiday to all businesses from April to June.

Further announcements on additional support for Northern Ireland’s business community are expected over the coming days.

 

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