Ministers announce new business support funding as lockdown restrictions are extended into March A new package of funding confirmed by the Executive will include additional support for the tourism and hospitality sector. Ryan McAleer 22 January, 2021 10:00
NEW support funding for Covid-19-hit businesses was announced on Thursday as ministers confirmed lockdown restrictions will remain in place until at least March.
Economy Minister Diane Dodds said a £26 million scheme would help support up to 278 larger tourism and hospitality businesses, while a £4.1m grant will be available for B&Bs and guest hoses.
Finance Minister Conor Murphy has also revealed an additional £130m package for businesses as part of the January monitoring round.
£290 million financial package to help NI through virus restrictions Conor Murphy said: “Businesses continue to face immense challenges.. Picture by Hugh Russell Michael McHugh, PA Related stories
It includes more than £130 million to support businesses.
Conor Murphy said: “Businesses continue to face immense challenges.
“These allocations include an additional £100 million for my department’s Localised Restrictions Support Scheme to ensure this can continue providing financial assistance to businesses.”
So far, more than £120 million has been issued to over 11,000 businesses through this scheme.
The cash has been allocated between the Stormont departments as part of a routine rethink of spending plans for this year known as a monitoring round.