Retail NI calls for ‘Triage Approach’ for firms

The call comes after the conclusion of positive discussions on support for businesses such as CBILS (Coronavirus Business Interruption Loan Scheme) with the senior leadership of the four main banks.

The representative body stressed the need for a speedy turnaround on CBILS applications from small businesses and interest free overdrafts to assist companies experiencing cashflow problems.

Retail NI, Chief Executive, Glyn Roberts said: “While the support given to businesses by the Executive is very welcome, much much more needs to be done to target those companies that are struggling the most during this crisis.

“Retail NI wants to see a ‘triage approach’ adopted by the Executive.

“The £10K and £25k small business grants need to be altered to support those companies with multiple premises rather than just a single payment.

“This change would support front line independent retailers who have more than one store, continue to provide food and other essential products to consumers.

“It would also assist those independent retailers who have had to close their doors during this crisis.”

Calling for more help also on business rates relief in line with the rest of the UK he added: “The Executive needs to go further on business rates relief and extend the current three months to 12 months in line with the rest of the UK.

“Again, we believe this should be targeted to businesses that need urgent assistance.

“Health is the top priority but we need to ensure that we limit the damage done to our economy and provide jobs when this crisis subsides.”

Concluding he added: “Retail NI members and their staff are working exceptionally hard, providing a vital public service, ensuring that the most vulnerable people within our community can purchase food and other essential items.

“Independent retailers such as convenience stores, grocers, butchers and pharmacies are in the front line of this crisis and deserve every support from Government and the community as a whole.”

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