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

Citation and interpretation

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

(2) In this Scheme:—

“Coronavirus Financial Assistance (Industrial 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;

“industrial business” means a business which is the occupier of an industrial hereditament;

“industrial hereditament” means a hereditament with a net annual value of between £15,001 and £51,000, which was distinguished in the NAV list as a result of Article 43 of the Rates (Northern Ireland) Order 1977, and was occupied, on 1st March 2021;

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

“NAV list” means the NAV list (which came into force on 1st April 2020) as defined by Article 2(2) of the Rates Order;

“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);

“Small Business Support Grant” means the £10,000 grant administered by the body known as Invest Northern Ireland, in respect of which applications closed on Wednesday 20 May 2020, to businesses eligible for relief under the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010(4);

“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(5)) 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. 2010 No. 4

(5)

S.R. 2010 No. 4