Applications Open To Over 1,100 Businesses For Grant Scheme

Applications are now open to over 1,100 businesses across a wide range of sectors for a one-off £50,000 grant to help them with the impact of Covid-19.

The Large NAV Business Grant scheme being delivered by Land & Property Services 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 Minisster Conor Murphy said: "Throughout the pandemic I have been determined to ensure that support reached as many businesses as possible.
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"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."

The scheme is designed to support the business which is the main occupier of a property, not the landlord or any business which rents part of the property from the main occupying business.

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