Businesses with Multiple Premises: Support

Part of Oral Answers to Questions — Finance – in the Northern Ireland Assembly at 2:30 pm on 8 June 2021.

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Photo of Conor Murphy Conor Murphy Sinn Féin 2:30, 8 June 2021

The businesses currently availing themselves of the £5,000 and £10,000 top-up grants were able to open, but it was a recognition that footfall had been down, for example shops that were dependent on office workers to be in the vicinity to keep them ticking over. Those grants were specifically for businesses that did not get localised restrictions support (LRS) or the Department for the Economy's similar scheme, and the £5,000 and £10,000 top-up grants were made available to them.

Of course, the retail and hospitality sectors, and quite a lot of other sectors, will enjoy another full year of rates holiday as well. We also have the economic package that has been supported for the Department for the Economy, including the high street voucher, which will hopefully have a stimulant effect in terms of people shopping in local retail. There is a range of measures, and we recognise that all of that will not, and never could, replace lost earnings for people over the course of this pandemic. However, it is trying to target the finances we were given — limited as they were — as effectively as we can to try to keep people alive in the time ahead until they can get back to full trading and recover their businesses.