A new fund aimed at microbusinesses which require financial support due to the impact of COVID-19 and which have not been able to access the existing government support schemes will be introduced.
£40 million has been allocated to the fund and it is expected that around 8,000 organisations across Northern Ireland will be eligible.
We await further details including the eligibility criteria and the application process, these will be released next week. The fund will also be open to social enterprises and charities.
Our Business Services team has been assisting clients with both the loan and grant schemes. To discuss your own situation contact Stephen McConnell, Business Services Partner by email stephenmcconnell@bakertillymm.co.uk or Tel: 028 9032 3466.