Nearly £125,000 has now been paid out of the NFRN’s Covid-19 Hardship Fund.
According to latest figures, £124,650 has been shared among 101 independent retailers.
The fund was created in April last year to help alleviate some of the financial pressures that independent retailers are facing due to the coronavirus pandemic.
It offers financial assistance in the form of a grant to members suffering cash flow and other financial challenges.
Thanks to generous donations from The Federation, its districts, branches and retail partners, the fund reached £250,000.
To date, 162 members have applied for help , with 101 receiving assistance.
National President Stuart Reddish said: “Covid-19 has impacted the livelihoods and businesses of independent retailers across the UK and Ireland, and The Federation will continue to help members that are in dire need of financial assistance.
“While some members have seen a dramatic increase in their sales and profits during the coronavirus pandemic, others have had their footfall completely decimated due to their location or personal circumstances.
“I would like to thank our districts, branches and retail partners for their generous donations, which have enabled us to help 101 members and pay out £124,650 so far.
“If your store has to close or is struggling to survive due to Covid-19, apply for a grant today.”
For further information on how to apply, visit: NFRN’s Hardship Fund – The Fed (thefedonline.com)
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