Northern Ireland provides £95m boost for high street retailers

Mobility retailers are set to benefit from a voucher scheme designed to boost post lockdown trade on the high street.

The £95m high street voucher scheme is part of a £300m support package announced by the Northern Ireland Executive.

A spokesperson for the Department for the Economy said: “The delivery of a NI-wide High Street Stimulus Scheme will inject £95m into our local economy. The multiplier effect of this innovative scheme – from people spending more than the value of the card and the ripple effects from purchases – will deliver even greater economic benefits and make a significant step to kick-starting our recovery.

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“The scheme will provide individuals in Northern Ireland with a prepaid card to be spent at ‘bricks and mortar’ businesses, including retail, restaurants and hotels before the end of March. It will not be available for online sales.

“The Department for the Economy has been provided with a financial allocation and has a clear policy objective for this funding. It is now assessing how this funding can best deliver the policy intent, including the card value and how it will be delivered. It is anticipated that the scheme will to ‘go live’ in early 2021 and will be subject to public health guidance.”

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Lee Peart

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