NITA Statement released in response to announcement of £178 million in new business support grants.

Posted 15 Mar, 2021

The announcement of further support from the Minister of Finance is welcomed by NITA and will provide relief for a number of tourism businesses

Making the announcement, Conor Murphy 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.”

NITA CEO Joanne Stuart OBE said, "We welcome further support, however, there are still many businesses who have not been able to access these support schemes previously, particularly in the business events sector. This sector has been closed throughout the pandemic and will be one of the last to reopen. We would urge the Department for the Economy to bring forward proposals to support the many businesses within this sector who have seen business decline by over 70%."

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 details on the support schemes here