Stormont £200 Million Economic Package Welcomed by Down Traders

THE Northern Ireland Independent Retail Trade Association (NIIRTA) has welcomed the Executives £200 Million Economic Package which was announced tonight and highlighted considerable progress in reducing Small Business Rates and freezing Car Park Charges.

NIIRTA Chief Executive Glyn Roberts said: “NIIRTA welcomes this Economic Package and in particular the further extension of the Small Business Rate Relief Scheme and the freezing of Car Park Charges until 2015. We lobbied Ministers extensively for action on reducing business rates and addressing car park charges to support local traders and Town Centres and are very pleased that both feature prominently in this package”

“The new Invest NI Skills Growth and the Finance Voucher schemes to assist small businesses are positive developments to help our struggling small business sector”

“While this package is not a ‘silver bullet’ in addressing our huge economic challenges, it does include practical and imaginative solutions to assisting retailers and small businesses get through the worst of this recession and toward a sustainable recovery”.