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NI Localised Restrictions Support Scheme: Northern Ireland businesses to receive up to £3,200

Finance Minister Conor Murphy Northern Ireland businesses: Financial support announced for businesses during COVID restrictions Coronavirus Covid19 NI business news - Freelance Belfast Copywriter Paul Malone - Tall Paul Marketing

Finance Minister Conor Murphy has announced a new financial support scheme – the NI Localised Restrictions Support Scheme – for NI businesses subject to restrictions across all 11 council areas.

 

 

Making the announcement about the NI Localised Restrictions Support Scheme, Finance Minister Conor Murphy said, “I recognise the profound impact the new restrictions will have on businesses forced to temporarily limit their operations.

Payments doubled for Derry and Strabane businesses

“Following the additional funding the Executive received of £200m I have doubled the payments announced for the Derry and Strabane District Council area.

“This new scheme will apply to all council areas and for many businesses payments will be made promptly using information held by Land & Property Services.

 

Finance Minister Conor Murphy Northern Ireland businesses: Financial support announced for businesses during COVID restrictions Coronavirus Covid19 NI business news - Freelance Belfast Copywriter Paul Malone - Tall Paul Marketing

“I know there are many businesses who haven’t benefitted from previous support schemes,” he acknowledged.

“I have asked Executive colleagues to urgently bring forward proposals for sectors they have responsibility for.”

NI Localised Restrictions Support Scheme opens across Northern Ireland on Monday 19 October 2020

The Localised Restrictions Support Scheme opened for businesses in Derry City and Strabane District Council area and will open for all Council areas on Monday 19 October.

It is estimated the cost of rolling the scheme out to all councils will be £35m for four weeks.

 

Northern Ireland businesses: Financial support announced for businesses during COVID restrictions Coronavirus Covid19 NI business news - Freelance Belfast Copywriter Paul Malone - Tall Paul Marketing

 

Under the scheme businesses will receive the following amounts for every two weeks they are closed.

NI Localised Restrictions Support Scheme financial help

Small businesses (not exceeding £15k Net Annual Value) – £1,600

Medium businesses (over £15k Net Annual Value and not exceeding £51k Net Annual Value) – £2,400

Large businesses (over £51k Net Annual Value) – £3,200

 

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The Scheme that will apply to businesses, subject to eligibility criteria, includes:

Cafes, pubs and restaurants that have been temporarily forced to close or limit their services to a takeaway service instead;

Hotels and guest houses; Close contact services in or (using) commercial premises such as hairdressers and barbers, beauty salons, day spas, nail bars and tattoo parlours forced to close; and;

Other businesses which, under the Health Protection Regulations are required to cease to carry on that business or to provide that service, include cinemas, museums, galleries, trampoline parks, inflatable parks, escape rooms, bowling alleys and ice rinks.

Businesses in the Derry and Strabane Council area who have already applied to the scheme do not need to re-apply – they will automatically receive the higher payment.

 

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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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