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The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
Finance Minister, Conor Murphy, today talked about the importance of the construction sector and reliefs available for suppliers impacted by COVID-19.
Following on from the Westminster Budget on 11 March, the NI Finance Minister today announced the NI Budget which has been to a large degree overtaken by the response to the Covid19 outbreak.
The Executive has agreed to implement measures to ensure that Departments pay their suppliers as quickly as possible to maintain cash flow and protect jobs. Further detail of the measures are outlined in the latest Procurement Guidance Note - PGN 01/20 Supplier Relief Due to Covid-19.
Following the statement by the Prime Minister last night, it is our view that, with the exception of essential works in support of the fight against Covid-19, non-essential construction work should cease.