Campaigns

16 Mar 2021

Northern Ireland extend rates relief for a year

Independent retailers in Northern Ireland will be exempt from paying business rates for the next 12 months, it has been announced.

The government in Northern Ireland made the decision to extend rates relief until next March as part of measures to support businesses through recovery from the pandemic.

On March 15, Finance Minister, Conor Murphy announced £178 million in new business support grants.

He said: “These grant schemes, together with the 12 months rates holiday, will provide a lifeline for many businesses who continue to confront the challenges of Covid-19. This package of support will help businesses and safeguard jobs through the period ahead as we emerge from the current restrictions.”

The schemes, which will support almost 20,000 businesses include: 

  • A £50,000 grant for large businesses unable to access grant funding during the first lockdown;
  • A £25,000 payment to manufacturing businesses unable to access grant funding during the first lockdown; and
  • Top-up payments of £5,000 and £10,000 for businesses which received grants during the first lockdown but are not eligible for one of the current Executive support schemes.

More from the statement here


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