Dodds announces two new schemes to support business recovery

Economy Minister Diane Dodds today announced two new schemes to support Northern Ireland businesses plan for recovery.

The schemes - one administered by Tourism Northern Ireland and the other by Invest Northern Ireland - have been developed to help small and medium-sized enterprises (SMEs) assess the impacts of Covid-19 and develop a strategic recovery plan for the business.

Both schemes – which open tomorrow - will provide up to £8,000 to eligible businesses to undertake a business and financial review to plan for recovery.

Announcing the schemes the Minister said:

“Invest NI’s £2m Covid-19 Business and Financial Planning Grant will support businesses by contributing toward the cost of an adviser to carry out an analysis and strategic review of the business. The consultant will then work with the business to develop a strategic recovery plan with financial forecasts.

“It is targeted at businesses operating in the areas of manufacturing, construction, professional services and those involved in the information and communication sector, and in the science and technology sectors, as well as businesses which are already working with Invest NI.”


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