Whoa! Averaging 66,000 Unique Weekly Readers! 

Local News

Communities Minister announces £300,000 to support businesses

1 Mins read
Coleraine Town
© Causeway Coast Community 

Communities Minister Minister Carál Ní Chuilín has confirmed she is allocating £300,000 to Business Improvement Districts (BIDS).

The funding will ensure that the eight BIDs operating here (three across Belfast City Centre, with one each in Ballymena, Enniskillen, Strabane, Coleraine and Newry) can continue to play a key role in bringing local businesses and other stakeholders together to help regenerate their areas and to improve their local trading environment.

BIDs are developed, managed and paid for by the business sector by means of a compulsory BID levy.

Minister Ní Chuilín said: “These local partnerships have a proven track record of success in supporting local businesses, providing strong leadership, and driving forward the renewal and regeneration of our town and city centres. Their role will be even more important in the weeks and months ahead.

“I recognise that the ability of some businesses to pay their compulsory BID levy will be severely hampered by the challenging environment they have faced.

“This funding will help with the operational costs of each BID so they can carry on their vital work of supporting their businesses as we move into the critical recovery phase from the current crisis.”

The announcement follows Minister Hargey recently writing to councils to explore how the Department can further assist town and city centres in their recovery. This included offering use of Departmental owned assets and public spaces where this will be helpful to businesses and to outline the Minister’s intention to develop a Capital Covid-19 Recovery Revitalisation Scheme to fund works that will aid in the recovery of towns and cities.

Digital Editorial Team
11920 posts

About author
An article that is attributed to the Causeway Coast Community Team has either involved multiple authors, written by a contributor or the main body of content is from a press release. Got a news-related tip you’d like to see covered on Causeway Coast Community? Email us - [email protected]
Related posts
Local News

Portstewart : Fire crews tackle early morning vehicle fire

1 Mins read
FacebookTwitterPinterestWhatsAppFire crews were called out this morning to a vehicle fire in the Sea Haven Park area of Portstewart shortly after 3am….
Local News

Police appeal for information following Coleraine burglary

1 Mins read
FacebookTwitterPinterestWhatsAppDetectives are appealing for information following the report of a burglary at the home of a family in the Cypress Drive area…
Local News

Saturday : Treacherous conditions on NI roads

1 Mins read
FacebookTwitterPinterestWhatsAppTemperatures plummeted overnight across the Borough with the mercury dropping to below minus 1C. Snow and wintry showers may make it ‘a…

Leave a Reply

Your email address will not be published. Required fields are marked *