Over £27m issues to hundreds of businesses in grant support – Murphy
£27.25million has been issued to 552 businesses in Northern Ireland 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.
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 £27million 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.”
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