Applications open for £50k grant for businesses

Businesses with large commercial premises across Northern Ireland are being encouraged to apply for a one-off grant from the Department of Finance worth £50,000.

Companies across a wide range of sectors can submit an application from today for a one-off £50,000 grant to help them with the impact of Covid-19 restrictions. 

The Large NAV Business Grant scheme is being delivered by Land & Property Services, and will provide financial support to businesses occupying large commercial premises with a Net Annual Value (NAV) of over £51,000 and which also qualified for the 12 months rates holiday. 

Encouraging eligible businesses to apply, Finance minister Conor Murphy said £50m of financial assistance will be given to businesses as a result of the grant.

“Throughout the pandemic I have been determined to ensure that support reached as many businesses as possible,” said the Finance minister.

“This new Grant Scheme will make available more than £50 million of financial assistance to hundreds of businesses across a wide range of sectors including childcare, retail, manufacturing, hospitality, tourism and leisure.”

“Although we have started on the Pathway out of Restrictions, businesses are still dealing with the impacts of the pandemic. I hope this one-off grant will help these businesses which didn’t qualify for previous grant schemes.”