SDLP Foyle MLA Sinead McLaughlin
He confirmed in the Assembly on Tuesday that he did not bid for any funding in the latest monitoring round.
Business groups had asked the Minister to provide support in the context of rises to National Insurance contributions and the minimum wage.
Foyle MLA Ms McLaughlin said: “It was really disappointing to hear the Minister’s lack of engagement when I asked him in the Chamber today about much needed support for SMEs.
“Small businesses, particularly those within the retail and hospitality sector, have been clear of the need for support following the UK Government’s Budget.
“Businesses have been through a very difficult few years, with many closing their doors every week.
“These businesses will be feeling let down that their concerns have not been given greater consideration by the Minister.
“Last week the Assembly unanimously agreed about the need to rejuvenate high street businesses and yet the Minister did not even bid for funding in the latest monitoring round.
“I also asked the Minister if he would be willing to meet with business organisations and discuss their issues.
“It’s important that their concerns do not fall on deaf ears.
“The SDLP Opposition has been clear that the Executive should have ring-fenced funding to support SMEs and I fear we will now unfortunately see the consequences of their failure to do so play out over the next few months.”
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