Boost to business support for retailers in Northern Ireland
Bira members in Northern Ireland could be eligible for extra support after a further £213m rates package for businesses was announced today (Tuesday, May 19).
Finance Minister Conor Murphy says the funds are in addition to the £100m scheme announced in March which gave all businesses a three month rates holiday.
The new scheme, developed with independent analysis from the Ulster University Economic Policy Centre, will see the sectors hardest hit by the pandemic pay no rates for the full financial year up until March 31, 2021.
Those sectors are:
- hospitality, tourism and leisure
- retail (excluding certain supermarkets and off-licences)
- Belfast City, Belfast International and City of Derry Airports.
The rates support packages will also see all businesses received a one-month extension of the rates holiday up to July 31, 2020.
For more details on support from devolved governments click here