7.4 C
Tuesday, October 27, 2020

Murphy announces financial support for businesses subject to restrictions

Finance Minister Connor Murphy has announced financial support for those businesses affected by the upcoming four-week closures.

Finance Minister, Conor Murphy says a new financial support scheme for businesses subject to restrictions will be available across all 11 council areas.

- Advertisement -

Making the announcement, Finance Minister, Conor Murphy said: “I recognise the profound impact the new restrictions will have on businesses forced to temporarily limit their operations. 

- Advertisement -

“Following the additional funding the Executive received of £200m I have doubled the payments announced for the Derry & Strabane District Council area. This new scheme will apply to all Council areas and for many businesses payments will be made promptly using information held by Land & Property Services. 

“I know there are many businesses who haven’t benefited from previous support schemes. I have asked Executive colleagues to urgently bring forward proposals for sectors they have responsibility for.”

- Advertisement -

The Localised Restrictions Support Scheme opened for businesses in Derry City and Strabane District Council area yesterday and will open for all Council areas on Monday 19th October.

It is estimated the cost of rolling the scheme out to all councils will be £35m for four weeks.

Under the scheme businesses will receive the following amounts for every two weeks they are closed:  

  • Small businesses (not exceeding £15k Net Annual Value) – £1,600
  • Medium businesses (over £15k Net Annual Value and not exceeding £51k Net Annual Value) – £2,400
  • Large businesses (over £51k Net Annual Value) – £3,200

The Scheme that will apply to businesses, subject to eligibility criteria, includes:

  • Cafes, pubs and restaurants that have been temporarily forced to close or limit their services to a takeaway service instead;
  • Hotels and guest houses;
  • Close contact services in or (using) commercial premises such as hairdressers and barbers, beauty salons, day spas, nail bars and tattoo parlours forced to close; and;
  • Other businesses which, under the Health Protection Regulations are required to cease to carry on that business or to provide that service, include cinemas, museums, galleries, trampoline parks, inflatable parks, escape rooms, bowling alleys and ice rinks. 

Businesses in the Derry and Strabane Council area who have already applied to the scheme do not need to re-apply – they will automatically receive the higher payment.

- Advertisement -
- Advertisement -


Three arrests following Ballymoney searches

Detectives from Causeway Coast and Glens Criminal Investigation Department have carried out three searches and made three arrests in Ballymoney today, Tuesday,...

Police have issued 45 £1000 fine for failing to isolate to date

The latest figures released today (Monday 26) reveal that Police have issued 45 £1000 fines for individuals that fail to isolate.

Man who bit bouncer ordered to appear in front of the court

A man who bit a bouncer outside a Portstewart nightclub has been ordered by a District Judge to appear in front of...

Mayor and Veteran’s Champion voice support for the annual Poppy Appeal

The Mayor of Causeway Coast and Glens Borough Council is asking the public to reflect on the sacrifice made by service men and women as he supports the launch of the annual Royal British Legion Poppy Appeal. With restrictions due to COVID-19 impacting traditional fundraising activities, Alderman Mark Fielding says it has never been more important to support the annual…