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£20m support scheme for company directors announced

Economy Minister Diane Dodds today announced a new scheme to support company directors impacted by the pandemic.

The Minister said £20million will be available for the Limited Company Directors Support Scheme (LCDSS). The scheme will open for applications at 6pm on Thursday 21 January.

The Minister said: “Many company directors who have been adversely affected by Covid have found themselves in financial difficulty. I am pleased that we are able to help address the gap in national support for this group by introducing a local support scheme.”

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A £1,000 grant will be paid to eligible limited company directors. At scheme closure, any underspend will be distributed equally amongst approved applicants in the form of a top-up grant, up to a maximum of £3,500.

The scheme will be delivered by Invest Northern Ireland on behalf of the Department for the Economy.

More information and eligibility criteria for the scheme are available at www.nibusinessinfo.co.uk/lcdss

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