The Federation of Independent Retailers (NFRN) has now paid out nearly £125,000 to cash-strapped members from its Covid-19 Hardship Fund.
Created last April, the Hardship Fund helps 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.
“Covid-19 has impacted the livelihoods and businesses of independent retailers across the UK and Ireland, and the NFRN will continue to help members that are in dire need of financial assistance,” said Stuart Reddish, national president, NFRN.
“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 via the NFRN’s website, TheFedOnline.”