Coronavirus Northern Ireland: £40m secured for micro business Hardship Fund

Posted by
editor@newrytimes.com
Wednesday, May 6th, 2020
Business, Coronavirus

Economy Minister Diane Dodds has announced that £40 million is to be made available for a new Hardship Fund aimed at micro businesses.

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The new fund targets businesses which have not been able to avail of the existing support schemes and which require financial support due to the impact of COVID-19.

 

 

It is estimated around 8,000 businesses across Northern Ireland will be eligible.

Minister Dodds told Newry Times, “I am pleased to announce that the Executive has approved funding of £40 million for this Hardship Fund.

“It will provide much-needed support to thousands of businesses suffering financial difficulties as a result of COVID-19.

 

 

“Social enterprises and charities will be able to access the fund if they meet the eligibility criteria.

 

 

“Details on the scheme including eligibility criteria and arrangements for applying will be released next week.

“This fund should mean that around a third of all businesses in Northern Ireland will now be able to access support under the Northern Ireland COVID-19 grant schemes,” she added.

 

 

 

Keep up to date with all the latest Northern Ireland Coronavirus / Covid-19 news HERE

 

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