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Small Business Grants for Northern Ireland – Coronavirus Impact

The Northern Ireland Executive recently announced a grant scheme to help businesses deal with the impact of COVID-19.
 
The grant scheme consists of:

  • grants of £10,000 for recipients of the Small Business Rates Relief
  • grants of £25,000 for retail, tourism and hospitality businesses (if NAV is under £51,000)

It is anticipated that the small business grant scheme will assist around 30,000 businesses in Northern Ireland.

Payments under the grant scheme will be made directly into the bank accounts of eligible businesses. Bank details are held for just over 9,000 of small businesses who qualify. Payment can be expedited to those companies.

 

More details can be found here.

WE CAN HELP

Having the right legal advice at the right time is crucial. Our expert team offers clear, concise and problem-solving legal advice aimed at accessing finance quickly and effectively.

Please do not hesitate to get in touch with Naomi Gaston in our banking team (details below) or your normal Mills Selig contact to discuss.

Naomi Gaston
Senior Associate

Mills Selig
21 Arthur Street
Belfast, BT1 4GA
Northern Ireland

T: +44 (0) 28 9024 3878
E: naomi.gaston@millsselig.com

24 March 2020

Speak to us on +44 (0)28 9024 3878