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Mobility businesses to benefit from £178m support grant in Northern Ireland

Conor Murphy 3_0

Mobility businesses are set to benefit from £178m in new business support grants announced by the Northern Ireland government.

The support package was announced by Finance Minister, Conor Murphy (pictured), this week.

Mr Murphy said: “These grant schemes, together with the 12 months rates holiday, will provide a lifeline for many businesses who continue to confront the challenges of COVID-19. This package of support will help businesses and safeguard jobs through the period ahead as we emerge from the current restrictions.”

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The schemes, which will support almost 20,000 businesses include: 

a £50,000 grant for large businesses unable to access grant funding during the first lockdown;

a £25,000 payment to manufacturing businesses unable to access grant funding during the first lockdown; and

top-up payments of £5,000 and £10,000 for businesses which received grants during the first lockdown but are not eligible for one of the current Executive support schemes.

Mr Murphy added: “In the absence of further bids from Departments, I am now activating my contingency plans to support the economy.  Land & Property Service within my Department has again stepped up to deliver much needed support to businesses. These grants will benefit a mixture of businesses including those not provided with grant funding earlier this year, and businesses which have been allowed to remain open but which have experienced a significant reduction in trade due to the restrictions.”

Tags : grantLegislationmobility retail
Lee Peart

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