Covid-19 : Business Support 23.03.20 – Update 3
Below is a quick update on further detail released today in respect of the Coronavirus financial support measures:
We have been in correspondence with Invest Northern Ireland in relation to the grants available for NI businesses. We were advised that they are starting to process the £10,000 payments for the Business Support Grant Scheme today. We have been advised that these grants are been paid automatically based on information held by the rates office.
Coronavirus Business Interruption Loan Scheme (SMEs)
Find attached an email from the British Business Bank in relation to the Coronavirus Business Interruption Loan Scheme. The email contains useful links in terms of how the loan scheme will operate and eligibility criteria. However you ultimately need to contact your bank or another accredited lender to apply for the scheme. If you need any assistance with this please let us know.
COVID Corporate Finance Facility (for larger businesses)
Further information has been provided in respect of the Covid Corporate Financing Facility at https://www.bankofengland.co.uk/news/2020/march/the-covid-corporate-financing-facility