Finance Minister, Conor Murphy MLA has announced an extension of the grant scheme already in place in the North West, with the payments doubled and extended across Northern Ireland.
The new payments are:
- Small Businesses with an NAV £15,000 or below will receive £1,600 rather than £800 for every fortnight they are closed.
- Medium Businesses with an NAV between £15,001 and £51,000 will receive £2,400 for the same period.
- Large Businesses with an NAV over £51,000 will receive £3,200 for every fortnight they are closed down.
Applications will open on Monday 19th October 2020.
Once the statutory regulations to bring yesterday’s new restrictions into law are signed off, further guidance and information will be published.