Coronavirus Restrictions Business Support Scheme
This grant support scheme is for businesses significantly affected or restricted due to Coronavirus restrictions.
This grant support scheme is for businesses significantly affected or restricted due to Coronavirus restrictions.
The Covid Restrictions Business Support Scheme is a new support scheme from the Department for the Economy. It is designed to provide support to those businesses directly impacted by the Northern Ireland Health Protection Regulations, which came into force on Friday 16 October.
The Covid Restrictions Business Support Scheme is administered by Invest NI on behalf of the Department for the Economy (DfE).
The Covid Restrictions Business Support Scheme (CRBSS) will operate in two parts.
CRBSS Part A is open to any business that can meet the following criteria:
The following businesses are eligible for CRBSS Part B:
To qualify, any business that meets the criteria above must:
Businesses that are required to close but are not eligible for LRSS are eligible for a grant of £600 per week.
Businesses that are not required to close but are within the supply chain of businesses restricted by the Regulations and significantly impacted will be eligible for a grant of up to £800 per week. They must demonstrate that they are in the direct supply chain of one or more businesses restricted by the Regulations and have been significantly impacted. This element will open at a later date.
Eligible businesses are subdivided between those paying business rates and those not paying business rates.
Businesses paying business rates and experiencing a significant decline in turnover will receive a grant based on the Net Annual Value (NAV) of the premises they operate from:
The grants paid to businesses not forced to close but adversely impacted are equivalent to 50% of the grant payable under the LRSS.
Businesses not occupying commercial premises and experiencing a significant decline in turnover can apply for a grant of £300 per week. This is equivalent to 37.5% of the LRSS grant paid to businesses in restricted premises with a NAV that does not exceed £15,000. These grants will be made in a second tranche of payments at a later date.
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