Finance Minister, Conor Murphy has announced a new financial support scheme for businesses subject to restrictions across all 11 council areas.
Making the announcement, Finance Minister, Conor Murphy said: “I recognise the profound impact the new restrictions will have on businesses forced to temporarily limit their operations.
“Following the additional funding the Executive received of £200m I have doubled the payments announced for the Derry & 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.
“I know there are many businesses who haven’t benefitted from previous support schemes. I have asked Executive colleagues to urgently bring forward proposals for sectors they have responsibility for.”
The Localised Restrictions Support Scheme opened for businesses in Derry City and Strabane District Council area yesterday and will open for all Council areas on Monday 19th October.
It is estimated the cost of rolling the scheme out to all councils will be £35m for four weeks.
Under the scheme businesses will receive the following amounts for every two weeks they are closed:
- 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
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 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.
Notes to editors:
1. Further details on the Localised Restrictions Support Scheme can be found at: https://www.nibusinessinfo.co.uk/LocalisedRestrictionsSupport
2. The Scheme is only open to businesses where the use of premises is restricted, or must cease, under the requirements of the Health Protection (Coronavirus, Restrictions) (No.2) Regulations (Northern Ireland) 2020.
3. All media enquiries to the Department of Finance Press Office at email@example.com
4. Follow us on Twitter @dptfinance
5. The Executive Information Service operates an out of hours service for media enquiries between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The duty press officer can be contacted on 028 9037 8110.
- Reappointment of Utility Regulator Board members 23 October 2020
- Murphy welcomes Civil Partnership conversions 22 October 2020
- Murphy welcomes changes to Job Support Scheme 22 October 2020
- Murphy responds to Treasury Spending Review announcement 21 October 2020