£213m Covid-19 support package for Northern Ireland businesses

Posted by
editor@newrytimes.com
Tuesday, November 24th, 2020
Business, Coronavirus, News

Economy Minister Diane Dodds has welcomed the announcement of a £213 million Covid-19 support package for businesses across Northern Ireland.

 

Dodds welcomes £213m support package for businesses - Covid-19 Coronavirus Newry news

 

The Minister says, “The expectation is that individuals, businesses and the wider economy will feel the negative impacts of Covid for many months to come.

 

 

“So I am pleased the Executive has agreed further support for local business and the manufacturing sector.

“This support will help many businesses across Northern Ireland receive much needed additional support to help sustain them and the economy.

“The package agreed by the Executive includes adaptions to current support schemes, delivering on schemes already promised and new interventions to support businesses.

“The allocation of £95 million for a High Street Stimulus Scheme will also be welcomed by those who wish to see an injection of spending in our hard-hit high streets,” she continues.

 

 

“The scheme will be similar to the schemes previously rolled out in Jersey and Malta.

“The delivery of a Northern Ireland wide High Street Stimulus Scheme will help to encourage people to shop local and visit local retailers putting much-needed revenue straight into their businesses.

“My Department is currently developing this scheme which will be launched taking into account public health guidance.

“I recognise that there are sections of the business community who have been without support, so the support for the recently self-employed and company directors is particularly welcome.

 

 

“Today’s allocations also recognise that licenced premises have been particularly impacted by the recent restrictions. 

“£10.6 million will be used to support wet pubs which are experiencing additional financial hardship.

“The additional £5 million to support large Tourism, Hospitality, Non-Essential Retail and Leisure businesses enable the Department to deliver schemes totalling £15 million for this important part of our economy.

 

Copywriter Ireland - Paul Malone, Tall Paul Marketing, Freelance Belfast Copywriter - Tall Paul Marketing Blog Writer - Copywriter NI

 

“The allocation of £4.1 million for a Bed and Breakfast, Guest Houses and Guest Accommodation Support Fund will help to support the tourism sector.

“As I have previously mentioned, the pandemic and the restrictions have led to a greater reliance on online shopping and the Executive has earmarked £3 million to help local businesses market themselves and grow their online sales.”

 

 

The Minister added, “My officials are continuing to work to bring forward the details of an extension to applications to the Covid Restrictions Business Support Schemes and these will be announced in the coming days.”

 

 

Keep up to date with the latest Northern Ireland business news, marketing tips and tricks and advice for local businesses on the Tall Paul Marketing website.

 

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