24/06/2021

More Than £27.25m Paid Out To Businesses Across NI

A total of 552 businesses across Northern Ireland have benefitted from more than £27.25 million under the Department of Finance's Large NAV Business Grant Scheme.

The scheme being delivered by Land & Property Services provides financial support to businesses with a Net Annual Value of over £51,000 which also qualified for the 12 months rates holiday.
News Image
Following visits to Exact Group, a precision engineering firm and Louis Boyd in Newry which will benefit from the grants, Finance Minister Conor Murphy said: "This scheme closed for applications just over a month ago and so far Land & Property Services has paid out over £27 million to businesses across all council areas.

"A wide range of businesses will benefit including; retail stores, engineering companies, caravan parks and garden centres. It's great to have the opportunity to visit businesses which have received the £50,000 grant and to hear the positive difference this funding will make."

Minister Murphy concluded: "These larger businesses are a vital part of our economy, employing many people locally. I was determined to ensure financial assistance was provided to these businesses which have been unable to access support up until now."

Related Northern Ireland News Stories
Click here for the latest headlines.

07 January 2020
Irish Language Bursary Scheme Opens
The Líofa Gaeltacht Bursary Scheme which promotes the use of the Irish language has opened for applications.
29 July 2021
High Street Scheme To Open For Registration In September
Prepaid Financial Services (PFS) has been awarded the contract for the delivery of the High Street Scheme (HSS), Economy Minister Gordon Lyons has announced. The £145million scheme will give everyone aged 18 and over in Northern Ireland a pre-paid card worth £100 to spend on their local high street.
20 July 2021
NIFRS To Relaunch Cadet Scheme
The Northern Ireland Fire and Rescue Service (NIFRS) have announced plans to relaunch their Cadet Scheme in September 2021. Announcing the relaunch, NIFRS said: "Now is your opportunity to develop life skills whilst building friendships and having fun.
29 July 2021
Other News In Brief
Public Warned Not To Disturb Marine Wildlife The public have been warned not to cause any disturbance to marine wildlife along Northern Ireland's coast line. Harbour porpoises, dolphins, Minke whales and a Thresher shark can be found in the waters around NI, with recent sightings off Rathlin Island.
22 April 2021
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.