Write To Your MLA Today - Support Our Call For Industrial Rates Break
Northern Ireland Manufacturing has called on the Executive to provide the manufacturing sector with an ‘adrenaline shot’ to protect jobs in the recession by bringing forward a rates ‘break’. The group, which campaigned successfully for a cap in the rate, put the proposal to the DETI Committee and will be seeking a meeting with the DFP Minister Nigel Dodds and DETI Minister Arlene Foster to discuss the idea.
NIM Chief Executive Bryan Gray said that a rates ‘break’ would put funds straight back into companies which urgently need capital, allowing manufacturing businesses to retain staff who might otherwise be laid off. The other advantage of the idea is that it would have absolutely no administrative costs.
“The most important thing here is speedy intervention. The funds would be available right away. The Executive lifts £20 million a year from the rate at present; a boost of £20 million for the sector overall would be an adrenaline shot for manufacturing, and would prove that the Executive can act quickly and decisively to help save jobs and boost the economy. We will be seeking meetings with the relevant Ministers to take the issue forward, and will be encouraging our members to contact their local MLAs to ensure the seriousness of the current situation, and the need for swift action is heeded.”
Northern Ireland Manufacturing believe that it would be the most cost efficient and positive move which the Executive could make at this time.
“Our members will have set aside thousands, and in some cases hundreds of thousands of pounds to pay this year’s rates bills. If they were to be informed that there is to be a one year break on those rates bills, the effect would be immense. NIM conducted a reasonable campaign on the industrial rates issue, working with the Executive to agree the 30% cap during a time when the sector could afford what was then a reasonable amount. But times have changed and many of our strong and successful companies are struggling to stay afloat, even though many have full order books. The difficulty in getting credit and credit insurance at the moment means that many strong companies are experiencing real problems. What is needed now is a shot of adrenaline into the manufacturing sector, and we will be campaigning hard to make sure that the Executive grasps this opportunity to make a real impact, save jobs and offer our manufacturing sector shelter from the storm.”
Write to your MLA today and explain just how badly the recession is hurting your business and how much we need support for manufacturing now.