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UK Hardship Fund for Microbusinesses in N. Ireland announced

Economy Minister Diane Dodds announced yesterday that £40 million is to be made available for a new Hardship Fund aimed at microbusinesses in N. Ireland which have not been able to avail of the existing support schemes (i.e. the £10,000 and £25,000 grant schemes) and which require financial support due to the impact of COVID-19.


It is estimated around 8,000 businesses across Northern Ireland will be eligible.


Social enterprises and charities will be able to access the fund if they meet the eligibility criteria.


Details on the scheme including eligibility criteria and arrangements for applying are to be released next week.


Mrs Dodds has said “This fund should mean that around a third of all businesses in Northern Ireland will now be able to access support under the Northern Ireland COVID-19 grant schemes.


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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.