Further financial support announced for flooded businesses

Additional financial assistance will be made available for businesses severely affected by the flooding in October and November 2023.

Details of further financial support for businesses severely affected by the flooding in late October and early November 2023 have been announced by the Northern Ireland Civil Service.

Up to £100,000 of financial support

Up to £10 million is now being made available which will be targeted at assisting small and medium-sized businesses affected by the recent floods.

The support will be linked to the actual costs incurred by businesses in relation to the replacement of damaged or destroyed equipment, refitting of flooded property, and repair of damage to buildings. Up to £100,000 per business would be available.

Eligibility criteria

In order to qualify for this support, businesses must have:

• been open and trading on the date of the flooding,
• either unable to obtain insurance cover against flooding through no fault of their own or their insurance company has subsequently refused to pay out on damage caused by the recent flooding and,
• the business must continue trading, or resume trading, in the same town centre.

Further information and how to apply

The funding will be administered by district councils on behalf of the Northern Ireland Civil Service. Further information on how to apply for the support will be available in early January 2024.

First published 22 December 2023