Extended business support scheme now open

Extended business support scheme now open

From today (Monday), those businesses that have been affected by the current Coronavirus restrictions will be able to apply for a new support scheme introduced by the NI Executive.

The Localised Restrictions Support Scheme will offer a series of graded benefits to each successful applicant, payable for each week that the current measures are in force. Small businesses will qualify for £800; medium business, £1200 and large businesses, £1600.

The money will be payable to a range of businesses including pubs, restaurants and cafes who have had to shut their businesses or restrict operations to takeaway and delivery. Hotels, guest houses and registered bed and breakfast operations will also be eligible as will indoor visitor attractions and any other venture that has had to cease trading, such as camp and caravan sites, touring parks, museums, bowling alleys and cinemas.

Announcing the launch of the scheme, Finance Minister, Conor Murphy said that he was determined to get money to businesses as quickly as possible. A similar scheme has already been in operation in the Derry City & Strabane Council area and the first payments under its terms will go out today.

‘As an Executive, we must do all that we can to support businesses, including those who to date haven’t benefited from existing schemes,’ added Mr Murphy. ‘I realise that many businesses, not just those required to close, will see an impact on their business activity and footfall. For many businesses, their biggest concern is wage costs. I have written to the Treasury NS asked for urgent consideration to be given to bringing forward the start date of the Job Support Scheme.’