Business: Coronavirus

(asked on 6th October 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will provide additional financial support to the Northern Ireland Executive to assist local businesses affected by local lockdowns in Northern Ireland as a result of the covid-19 outbreak.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 12th October 2020

On 24 July we made an unprecedented upfront guarantee to the Northern Ireland Executive. We guaranteed that they will receive at least £2.2bn in additional Resource DEL funding for this year. This gives the Northern Ireland Executive the certainty to plan and deliver their coronavirus response this year. The guaranteed funding helps to ensure people, businesses and public services in the Northern Ireland Executive are supported throughout the pandemic

On 9 October we uplifted this guarantee to £2.4bn, thereby providing an additional £200m to the Executive

This is in addition to the UK-wide measures that the people and businesses in Northern Ireland will benefit from, such as the Job Retention Scheme, Business Interruption Loan Scheme and the Bounce Back Loan Scheme.

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