NI Business Grant: 13,000 Companies to Share £70m in Top-Up Grants
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NI Business Grant: 13,000 Companies to Share £70m in Top-Up Grants

£72.3 million will begin issuing from today in top-up grants to businesses that were allowed to remain open during the most recent restrictions.

 

More than 13,000 businesses, which did not qualify for support during the most recent lockdown period, will now receive an NI business grant in the form of a ‘top-up grant’.

 

 

More than 13,000 Northern Ireland businesses will receive the NI business grant.

Over 12,100 businesses will receive a £5,000 top-up while over 1,100 businesses will receive a £10,000 top-up.

 

Finance Minister, Conor Murphy pictured with Glyn Roberts Chief Executive of Retail NI and Donagh McGoveran owner of Centra Cathedral Quarter which will benefit from a £5,000 top-up grant.

 

Visiting two businesses in Belfast that will benefit from the top-up grants, the Finance Minister explains, “During the most recent restrictions, many businesses were permitted to stay open to provide essential goods and services.

“While these businesses continued to operate, it is recognised that their trade and footfall was impacted as a result of the restrictions.

“I have been determined throughout the pandemic to ensure support reaches as many businesses as possible.

 

NI business grant “will benefit thousands of SMEs”.

“These top-up payments will benefit thousands of small and medium-sized businesses across retail, hospitality, tourism, leisure and manufacturing which were unable to access Executive business support schemes.

“This grant will cover a wider range of business including convenience stores, hardware stores, bakeries, financial services, engineering firms, and coach services to name a few.”

Land & Property Services is undertaking verification work to ensure the occupiers of business properties have remained the same since the original grants were paid.

Once this is complete further top-up payments will issue.

Businesses that started trading after the application process for the £10,000 Small Business Support Grant and the £25,000 Retail, Tourism, Hospitality and Leisure Grant closed will also have the opportunity to apply online for the top-up payment from late June.

 

 

Help for the high street on “long road to recovery”.

Welcoming the top-up payments, Glyn Roberts, Chief Executive of Retail NI, says, “Retail NI is pleased that the Finance Minister and his Department have listened to our views and concerns and responded with this grant scheme.

 

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Finance Minister, Conor Murphy pictured with Glyn Roberts Chief Executive of Retail NI and Kieran Sloan, Managing Director of Sawers in Belfast which will benefit from a £10,000 top-up grant.

 

“These grants will support many independent retailers who had lost significant footfall and trade as a result of hospitality and offices being closed during lockdown.

“Along with the further year’s rates holiday and the forthcoming High Street Scheme, this will greatly help our high streets on the long road toward recovery,” he adds.

NI business grant news adds to a “positive week for the economy”.

Minister Murphy adds, “This has been a positive week for the economy.

“Relaxations have enabled businesses to reopen their doors and welcome back customers.

“It is a positive step forward as we continue to make progress on our pathway to recovery.

“I recognise that it will take time for trading conditions to resume to pre-pandemic levels.

“I hope the grant assistance provided by the Executive combined with the second year of the 12 months rates holiday and the full funding of the Economy Minister’s Economic Recovery Action Plan will help support businesses and economic recovery in the time ahead.”

 


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Paul Malone
Paul Malone
Paul Malone is one of Northern Ireland’s most experienced marketers, providing Copywriting, Content Writing and Blog Writing services for businesses across the country. Facebook | Twitter | LinkedIn | Instagram

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