Coronavirus: New Hardship Fund announced

News article

Scheme to help local micro-businesses affected by coronavirus (COVID-19)

The Department for the Economy has announced a new business Hardship Fund.

The scheme will aim to assist businesses in Northern Ireland with less than ten employees that require financial support due to the impact of COVID-19.

The funding will be available to businesses which have not qualified for the £10,000 small business grant and the £25,000 Retail, Hospitality, Tourism and Leisure scheme.

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

Around 8,000 businesses across Northern Ireland will qualify for this new financial support scheme.

Details on the Hardship Fund, including scheme eligibility criteria will be available in the week beginning 11 May.

First published 5 May 2020