Economy Minister Diane Dodds has announced a new £40m NI Micro-business Hardship Fund (open from 6pm 20th May). The grant scheme is targeted at micro-businesses and social enterprises with up to nine employees facing immediate cash flow difficulties and unable to access other regional and national COVID-19 support measures.
In order to ensure that the £40m budget is not exceeded, the final amounts awarded will depend on the number of successful applications. The level of Hardship Fund grant will be up to £10,000 for businesses which pay business rates on premises and up to £5,000 for those that do not pay business rates.
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