Derry Chamber boss Paul Clancy backs call for urgent financial support for struggling businesses

Paul clancy

The Derry Trade Lobby says anxiety and concerns over the new variant have led to a sharp drop in hotel bookings and footfall in stores.

Existing restaurant and bar reservations have been canceled as the public has been urged to “prioritize” social events that “matter to them” during the Christmas season, its chief executive Paul Clancy said.

Mr Clancy said the slump in commerce, traditionally the busiest time of the year for many businesses, is of deep concern and will have a significant impact on already hard-hit small business owners.

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He added that the executive must continue to put pressure on the Treasury to put in place a comprehensive financial package that brings companies back from the brink and recognizes the seriousness of their trading conditions at this time.

“The increased worries and concerns about the Omicron variant, driven by mixed media messages and briefings from medical advisers and politicians, are now actively harming businesses.

“While we recognize the need to do everything in our power to reverse Omicron’s expected spike in infections, this cannot and should not harm our hospitality and retail businesses which are already suffering.Our stores, pubs, restaurants and hotels cannot be allowed to become the scapegoat.

“Now is the time to provide significant and substantial financial support to our businesses in the North West and Northern Ireland. While we understand that decentralized governments across the UK like Stormont are limited in the finance they can provide, and Finance Minister Conor Murphy has called on the Treasury to restore substantial financial support, we urge our ministers Executives, as a united collective, have put strong pressure on the UK government and the Treasury to put in place the right financial package that supports our businesses, ”said Mr Clancy.

Hundreds of local businesses are “extremely concerned at the moment,” he added.

“Uncertainty and lack of clarity, mixed with public fear about the new variant, is leading to a serious drop in trade. Christmas is a vital time for all businesses. It is no longer viable for the government of Canada. ‘ignore the plight of the economy Support must be provided as soon as possible.

“We again urge the public to continue supporting locals and local spending this Christmas, as well as follow all existing Covid protocols, including wearing masks, washing hands and getting your Covid jabs. . Supporting local small businesses is more important than ever as they battle uncertainty and shrinking trade, ”he said.

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