The Financial Assistance (Coronavirus) (Large Business) Regulations (Northern Ireland) 2021

Citation and interpretation

1.—(1) This Scheme may be cited as the Coronavirus Financial Assistance (Large Business) Scheme 2021 and applies in respect of the financial year ending on 31st March 2021.

(2) In this Scheme:—

“Coronavirus Financial Assistance (Large Business)” means financial assistance provided under this Scheme;

“the Department” means the Department of Finance;

“hereditament” means a hereditament as defined by Article 2(2) of the Rates Order;

“higher rate” will be a rate of £50,000;

“lower rate” will be a rate of £25,000;

“Minister of the Crown” has the same meaning as in the Ministers of the Crown Act 1975(1);

“multiple occupier” shall have the meaning in paragraph 7;

“net annual value” means a net annual value as defined by Article 2(2) of the Rates Order;

“occupier” means an occupier for the purposes of the Rates Order;

“the Insolvency Order” means the Insolvency (Northern Ireland) Order 1989(2);

“the Rates Order” means the Rates (Northern Ireland) Order 1977(3);

“the Rates Support Scheme” means support provided under the Rates (Coronavirus) (Emergency Relief) (No. 2) Regulations (Northern Ireland) 2020(4);

“Retail, Hospitality, Tourism and Leisure Grant” means the grant of £25,000 to businesses engaged in retail, hospitality and leisure activities, made under the Retail, Hospitality, Tourism and Leisure Grant Scheme, in respect of which applications closed on 20th May 2020;

“Small Business Support Grant” means the grant of £10,000 to businesses eligible for relief under the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010 (5) made under the Small Business Support Grant Scheme, in respect of which applications closed on 20th May 2020;

“Tourism and Hospitality Business Support” means the grant to large tourism and hospitality businesses significantly impacted by the Health Protection (Coronavirus, Restrictions) (No. 2) Regulations (Northern Ireland) 2020(6) made under the Large Tourism and Hospitality Business Support Scheme announced on 21st January 2021;

“standard rate” will be a rate of £40,000;

“statutory undertaker” means persons authorised by any statutory provision to carry on any railway, road transport, water transport, inland navigation or dock undertaking, or a gas undertaker, an electricity undertaker, a water undertaker or a sewerage undertaker or the airport operator (within the meaning of the Airports (Northern Ireland) Order 1994(7)) of any airport to which Article 25 of that Order applies.

(1)

1975 c. 26

(2)

S.I. 1989/2405 (N.I. 19)

(3)

S.I. 1977/2157 (N.I. 28)

(4)

S.R. 2020 No.144

(5)

S.R. 2010 No. 4

(6)

S.R. 2020 No. 150

(7)

S.I. 1994/426 (N.I.1)