08/09/2021

Emergency Protection Extended For Business Tenants

Emergency protection for business tenants having difficulty paying rent on commercial leases as a result of the pandemic until March 2022 has been extended until March 2022, Finance Minister Conor Murphy has announced.

The special provision in the Coronavirus Act 2020 which was first applied at the end of March 2020, is being extended once again, until March 2022, giving a total of 24 months special protection, which is in line with England and Wales.

Making the announcement, Minister Murphy said: "As we continue to deal with the impact of Covid-19, it is important to provide as much stability and certainty as possible to businesses who are trying to recover from an extremely challenging time.
News Image
"We have been engaging with key stakeholders in relation to this and I fully recognise the genuine concerns in relation to the difficult financial situation businesses are facing. The reality is it will take some time for economic recovery and this moratorium is one of the measures that will help ease businesses back into full operation and deal with their financial challenges.

"This extension provides time for landlords and tenants to work together to resolve matters that have arisen over rent arrears accrued during lockdown restrictions. Wherever possible, tenants should of course pay rent.

"I will continue to engage with my colleagues in the other devolved administrations in order to consider what, if any, further measures in relation to commercial rent arrears accrued during the pandemic need to be put in place once the moratorium comes to an end."

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

09 December 2021
High Street Scheme Extended For A Further Five Days
The High Street Scheme is to be extended for a further five days until Sunday 19 December, Economy Minister Gordon Lyons has announced. Calling on anyone with any balance left on their £100 Spend Local cards to use it now, Minister Lyons said: "The High Street Scheme is working well.
10 January 2022
'Significant Additional Protection' Of Vaccine Booster
NI's Chief Medical Officer has highlighted the "significant additional protection" a vaccine booster dose provides, on top of first and second doses. Professor Sir Michael McBride said those delaying coming forward for their booster are gambling unnecessarily with their health and the risk of hospitalisation.
15 December 2021
Prestige Insurance To Create 60 New Jobs Across NI
Prestige Insurance Holdings – made up of a group of NI insurance businesses – have announced an investment of more than £3 million and the creation of up to 60 new jobs.
02 December 2021
Official Game Of Throne's Studio Tour To Open In February 2022
The world's only official Game of Thrones Studio Tour is to open to the public on Friday, 04 February 2022.
17 December 2021
Finance Minister Calls For Furlough Scheme To Be Reinstated
Finance Minister, Conor Murphy has written to the Treasury to call for additional funding and for the furlough scheme to be reinstated to deal with the increased challenges presented by Omicron. NI was recently allocated £75 million, however Minister Murphy has said that £50m of this is "not new money".