Mallon opens £5m financial assistance scheme for Private Coach and Bus Operators | Latest Newry News, Newry Sport and Newry Business for Newry City

Mallon opens £5m financial assistance scheme for Private Coach and Bus Operators

Infrastructure Minister Nichola Mallon has opened a £5m financial assistance scheme for Private Coach and Bus Operators.

 

Coronavirus Covid19 Newry 188

 

Eligible private coach and bus operators will receive £8,000 for the first vehicle and £4,450 for each additional vehicle in their fleet or their actual loss for the period April to September if the loss is lower.

 

 

The scheme payment to an individual operator is capped at £100k.

Minister Mallon said, “I understand the challenges, uncertainty and upheaval that Private Coach and Bus Operators have experienced during this pandemic and the significant adverse impact that these unprecedented times have had on their businesses.   

“I have listened carefully to their concerns and from being given new powers to provide financial support on the 3 November, I have worked as quickly as possible to get this financial assistance scheme up and running.

 

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

 

“This scheme for eligible Private Coach and Bus Operators opens today until midnight on Friday 18 December,” she continues.

“I encourage everyone who is eligible to apply as soon as possible to enable payments to be made as soon as the checking and verification process is complete. 

“I have asked my officials to work quickly to process payments as quickly as possible.

 

 

“I hope that this funding along with the £300,000 provided earlier in the year to waive fees for the renewal of bus vehicle licences will provide some compensation for the financial losses incurred recently by private Coach and Bus operators as a result of the pandemic,” the Minister adds.

 

 

 

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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Posted by on Nov 27 2020. Filed under Coronavirus, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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