Write a commentSeveral Newry businesses have recieved grant support from a pot of £27.25 million issued under the Department of Finance’s Large NAV Business Grant Scheme. 552 businesses in total were issued with funding and Finance Minister, Conor Murphy made a visit to two local enterprises this week.
Following his visit to Exact Group, a precision engineering firm and Louis Boyd in Newry which will benefit from the grants, Finance Minister Conor Murphy said: “This scheme closed for applications just over a month ago and so far Land & Property Services has paid out over £27million to businesses across all council areas.
The scheme being delivered by Land & Property Services provides financial support to businesses with a Net Annual Value of over £51,000 which also qualified for the 12 months rates holiday.
Minister Murphy added “A wide range of businesses will benefit including; retail stores, engineering companies, caravan parks and garden centres. It’s great to have the opportunity to visit businesses which have received the £50,000 grant and to hear the positive difference this funding will make.”
Minister Murphy concluded: “These larger businesses are a vital part of our economy, employing many people locally. I was determined to ensure financial assistance was provided to these businesses which have been unable to access support up until now.”
