COVID-19: FINANCIAL SUPPORT PACKAGES FOR NI BUSINESSES AND INDIVIDUALS - As at 3rd February 2021
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SUMMARY Within the following pages, we have detailed the Schemes that are currently available in Northern Ireland. This summary aims to guide you to the potential areas of funding and how you can access the various forms of support. We have also previously detailed the availability of Government backed loans and HMRC support on the BDO NI Covid hub, which remain available to businesses. In addition to the this, hospitality, retail, leisure, tourism, childcare businesses and airports in Northern Ireland were provided with a 12 month rates holiday up until 31 March 2021. The Executive has already set aside funding with a view to potentially extending this if needed later this year. A reduced VAT rate of 5% for hospitality and accommodation is also in place until 31 March 2021. If you require any support in identifying what grants/loans may be available to your business, or require support in making the necessary applications, please feel free to contact us.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period covered Web Links opened • To assist businesses that have had to close or limit their Eligible if; Ongoing 5th October 2020 to https://www.nibusin operations due to government restrictions. • The business operates from a property within NI. 5th February 2021 esscovidfinancialsupp • Eligibility for the scheme is directly linked to the • The business must fall into a specific category (café, ort.finance- Health Protection (Coronavirus, Restrictions) (No.2) restaurant, hotel etc.). ni.gov.uk/ Regulations (Northern Ireland) 2020. • The business was operating prior to restrictions. Localised • Weekly payments - Lower (£800), Standard (£1,200) Applying; Restrictions and Higher (£1,600) rate payments for properties with • Applications must be submitted online by a NAV of £51k (higher). • Applications to be submitted for each separate Scheme • There are 5 phases pertaining to this scheme; premises operated. (LRSS) • Phase 1 – 5th -15th October (1 week 4 days) • Phase 2 – 16th Oct – 10 Dec (8 weeks) • Phase 3 – 27th Nov – 10 Dec (2 weeks) • Phase 4 – 11th Dec – 25th Dec (2 weeks 1 day) • Phase 5 – 26th Dec - 5th Feb ’21 (6 weeks) • The WPBSS is designed to provide support to wet pubs, Eligible if; Opens 11th 4th July 2020 to 23rd https://www.nibusin whose premises were required to close or cease trading • The business is named in the Health Protections January September 2020 essinfo.co.uk/sites/d Wet Pubs from 4 July to 23 September 2020, a period in which (Coronavirus, Restrictions) (No. 2) Regulations 2021 efault/files/2021- Business most other hospitality businesses were allowed to (Northern Ireland) 2020, 01/Wet-Pubs- Support trade. AND Business-Support- Scheme • Emails will be sent to eligible businesses by DfE by 22nd • The business is eligible for the Localised Restrictions Scheme-Frequently- (WPBSS) January 2021. Support Scheme (LRSS) – it must meet these criteria Asked-Questions- • Applicants will be eligible to apply for the number of also. V0.1-6-January- full weeks the business was closed in the period • The business was closed for at least one full week in 2021.pdf specified (4th July 2020 to 23rd September 2020). the period 4th July 2020 to 23rd September 2020. • The form must be completed in full and returned • Businesses must have been trading Pre-COVID-19. to WPBSSforms@economy-ni.gov.uk within five days of • Wet pubs who have an attached off-licence business issue. You will receive an acknowledgement email are eligible for support if the wet pub element was when the form has been received. closed. Ineligible if; • Operated at a reduced capacity. • Failed to comply with prohibition notice under Reg 7 of The Health Protection (Coronavirus, Restrictions) Regulations (Northern Ireland) 2020 (b). • Dormant / Dissolved / Insolvent or in the process of dissolution or insolvency. Applying; • Given that businesses need to be eligible for the LRSS to apply, the DfE will email forms to eligible businesses it has identified and forms must be returned within 5 days.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period Covered Web Links Opened • This scheme is designed to provide support to those Eligible if; Ongoing 16th October 2020 to https://www.nibusi COVID-19 Restrictions businesses that were required to close/cease trading • The business is named in the Health 5th February 2021 nessinfo.co.uk/sites Business Support under the Health Protection Regulations and are not Protections (Coronavirus, /default/files/2021 Scheme Part A eligible for the LRSS. Restrictions) (No. 2) Regulations -01/Covid- (CRBSS) • Administered by Invest NI. (Northern Ireland) 2020 and is not Restrictions- • Eligible businesses will receive a grant of up to £600 eligible for the LRSS. Business-Support- for each week they were required to close as a • The business was operating at the Scheme-Part-A- result of the Health Regulations. time the restrictions came into effect Guidance-Notes-7- on 16th October 2020. January-2021.pdf • The business required to close or cease trading provides the main source of income to the applicant. https://www.invest ni.com/covid- Applying; restrictions- • Complete online eligibility checker business-support- (see web link). scheme-part-a • If eligible you will be directed to an online application. • Part B applies to a business that is not required to Eligible if; Ongoing 16th October 2020 to https://www.nibusi COVID-19 Restrictions close/cease trading, but is part of the supply chain • The business supplies goods/services 5th February 2021 nessinfo.co.uk/sites Business Support to a business that is named in the Health Protection or is dependent on a business named /default/files/2021 Scheme Part B Regulations and as a result if severely impacted. in the Health Protection Regulations. -01/Covid- (CRBSS) • The scheme is divided into those paying business • The business was operating at the Restrictions- rates and those who aren’t. time the restrictions came into effect Business-Support- • Businesses paying rates will be assessed in line with on 16th October 2020. Scheme-Part-A- the NAV of the property. • The business has seen a 40% decrease Guidance-Notes-7- • Weekly payments - Lower (£400), Standard (£600) in turnover as a result of the Health January-2021.pdf and Higher (£800) rate payments for properties with Regulations. NAV of £51k (higher). source of income to the applicant. https://www.invest • Businesses not paying rates will receive a grant of ni.com/covid- £300 per week. Applying; restrictions- • Complete online eligibility checker business-support- (see web link). scheme-part-b • If eligible you will be directed to an online application.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period Covered Web Links Opened COVID-19 Productive • This grant will support businesses to make Eligible if; Now open https://www.nibusi Investment Capital productivity-focused capital investments to • PICG is open to any businesses operating nessinfo.co.uk/cont Grant (PICG) adapt to the challenges caused by the in manufacturing, construction, ent/covid-19- pandemic. information and communication, or productive- • Businesses can access up to a maximum grant of professional, scientific and technical investment-capital- up to £250,000 to improve productivity by activities. grant investing in new technology and processes, Businesses must also meet all of the software and knowledge acquisition, automation following criteria: or the adoption of digital manufacturing • Have an annual turnover of at least technologies. £500,000 in one of their three most • The proportion of costs supported will range recent financial years. from 20-50%, up to a maximum of • Have a project with a minimum eligible £250,000 grant, depending on the size of capital expenditure of £50,000 to improve company involved (i.e. micro/small, medium or productivity. large business). • Deliver productivity improvements from • Projects must have minimum eligible capital the capital investment as measured by costs of £50,000. Items must be purchased, Gross Value Added (GVA) per Full-Time leasing costs are not eligible. Second-hand Plant Equivalent (FTE) employee. Types of Machinery Equipment (PME) will be considered capital investment include new by exception for SME’s only and must be technology and processes, software and purchased from unrelated parties. knowledge acquisition, automation or the adoption of digital manufacturing Eligible activities include: technologies. • Acquisition of new, non-routine investment in • Have experienced a reduction in liquidity plant, machinery and equipment, including as a direct result of the COVID-19 installation and commissioning costs. pandemic during the period 1 April to 30 • Software licences. June 2020, in comparison to 1 April to 30 • Knowledge acquisition and licensing, for June 2019. example, from universities • Not be in difficulty or subject to • Automation or the adoption of digital insolvency procedures at 31 December manufacturing technologies. 2019, as defined by Measure 3.1 of the European Commission’s Temporary State Aid Framework (PDF, 273K). • Start the project and submit the first claim to Invest NI by 5pm on Thursday 25 March 2021, if required. Applying; • Complete online eligibility checker (see web link). • If eligible you will need to complete an online pre-application form provided by the PICG Team.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period Covered Web Links Opened • The grant will cover up to 80% of the employees Eligibility; Ongoing November 2020 For Employers: usual monthly wage costs up to a maximum of • Any UK business or organisation who had a PAYE to April 2021 https://www.gov.uk/gove £2,500 per employee per calendar month, plus the scheme established before 19 March 2020. rnment/publications/coro associated employer’s NIC and minimum automatic • Eligible employees must have been paid navirus-job-retention- enrolment employer pension contributions on that earnings during the 19/20 tax year and scheme-step-by-step- Coronavirus Job wage. included on an RTI submission on or before 19 guide-for- Retention • It is important to note that the grant is only payable March. employers?utm_source=73 in respect of furloughed employees. Employee PAYE Scheme (CJRS) • The scheme is intended for those that are b46ff3-74f7-4a6d-a97b- and NIC is still payable as usual whilst employer NIC 2nd Version furloughed instead of being made redundant. e14a240d14c0&utm_mediu and minimum automatic enrolment pension contributions will be covered by the grant. • Furloughed workers are not permitted to m=email&utm_campaign=g • The specially designed HMRC portal to use to make undertake any work for their employer but are ovuk- their claims is now live. not precluded from undertaking training or notifications&utm_content • Businesses are to treat any claim as business income working from other jobs they may have. =immediate subject to Corporation/Income tax and wages paid • Detailed rules apply for those on unpaid or out to furloughed workers are also treated as a statutory leave. For Employees: business expense. https://www.gov.uk/guid • Records need to be retained for five years. ance/check-if-you-could- be-covered-by-the- coronavirus-job-retention- scheme • To be administered by the Department for the • Property NAV £51k+. TBC Large Hospitality Economy. • Levels still to be agreed and announced. Grant New • This incentive is available to all employers to Eligible if; Ongoing 1 April 2020 https://www.nibusinessi Apprenticeship support the recruitment of new apprentices. • The business takes on an Apprentice to 31 March nfo.co.uk/content/coron Incentive • As an employer, you will be eligible for up to participating in the Department for the 2021 avirus-new- Scheme £3,000 for each new apprenticeship opportunity Economy funded Apprenticeships NI or Higher apprenticeship- created between 1 April 2020 - 31 March 2021. Level Apprenticeship programmes from April incentive-scheme • This bonus will apply to all new apprenticeship 2020. opportunities and includes apprentices who have been made redundant: Applying; o Payment 1 - £2,000 after 90 days • If eligible you will need to download and retention following start* of new paid complete an application form and send to apprenticeship. ApprenticeshipsRecovery@economy- o Payment 2 - £1,000 after 200 days ni.gov.uk. retention following start* of new paid apprenticeship. *The start of the paid apprenticeship refers to the date agreed with the training contractor as the date that the apprentice begins their ApprenticeshipsNI or Higher Level Apprenticeship programme or, in the case of apprentices who were made redundant and subsequently employed by another employer, the date the apprentice re-joined their programme.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period Covered Web Links Opened Coronavirus • The Coronavirus Statutory Sick Pay Rebate Scheme is to Eligible if; Ongoing https://www.nibus Statutory Sick Pay claim back employees' coronavirus-related Statutory • Businesses with less than 250 inessinfo.co.uk/co Rebate Scheme Sick Pay (SSP). employees as of 28 February ntent/coronavirus- • You can claim for multiple pay periods and employees 2020. claim-back- at the same time. Applying; statutory-sick-pay- • To complete your claim you’ll need the start and end • Online application(see web paid-your- dates of the claim period which is the: link). employees-due- o Start date of the earliest pay period you’re coronavirus-covid- claiming for - if the pay period started before 19 13 March 2020, you’ll need to use 13 March 2020 as the start date. o End date of the most recent pay period you’re claiming for - this must be on or before the date you make your claim (because you can only claim for SSP paid in arrears). Time to Pay • Business and individual taxpayers can seek time to pay Eligible if; Ongoing from HMRC if they cannot afford to pay their tax debts • Businesses paying tax to the UK in full and on time. An agreement reached with HMRC Government. for this is called a Time to Pay Agreement (TTPA). Apply; • Contact the HMRC Coronavirus Helpline on Tel: 0800 024 1222. Deferred VAT If you deferred VAT between 20 March and 30 June 2020 Before opting in you must: Ongoing https://www.nibus Payments and still have payments to make, you can: inessinfo.co.uk/co 1. Pay the deferred VAT in full on or before 31 • Create your own Government ntent/coronavirus- March 2021. Gateway account if you don’t deferred-vat- 2. Opt in to the VAT deferral new payment already have one. payments scheme when it launches in 2021. • Submit any outstanding VAT 3. Contact HMRC if you need more help to pay. returns from the last 4 years. • correct errors on your VAT If you opt in to the new scheme (option 1), instead of returns as soon as possible. paying the full amount by the end of March 2021, you can Corrections received after 31 make up to 11 smaller monthly instalments, interest free. December 2020 may not show in All instalments must be paid by the end of March 2022. your deferred VAT balance. • Make sure you know how much To use this scheme you must: you owe, including the amount • still have deferred VAT to pay you originally deferred and how • be up to date with your VAT returns much you may have already • opt in before the end of March 2021 paid. • pay the first instalment before the end of March 2021 • be able to pay the deferred VAT by Direct Debit Apply; • The online opt in process will be If you opt in to the scheme, you can still have a time to available in early 2021. pay arrangement for other HMRC debts and outstanding tax.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period Web Links Opened Covered Limited Company • The scheme provides an initial To be eligible for the scheme, a Director must; 21 January https://www.nibusines Director’s Support one-off taxable grant of £1,000 to • Be are a resident of Northern Ireland. 2021 sinfo.co.uk/content/li Scheme (LCDSS) eligible company directors who • Be a Person with Significant Control (PSC) for the mited-company- meet the edibility criteria. company/companies listed in the application (i.e. you hold directors-support- • While applications are invited more than 25% of shares in the company). scheme from individuals who hold more • Work in the company/companies named in the application. than one directorship, only one • At 31 March 2020 (prior to COVID-19) at least 50% of your application is allowed per person. income has came from your director’s salary and dividends. • Applications will include checking If you are a director of more than one company, then your your eligibility through an online salary and dividends from all companies must represent at checker and completing an least 50% of your total income. application form. • Projected salary and dividends from the company for the • Applications will open from 6pm 2020/21 financial year is 40% lower than it would have been on Thursday 21 January 2021. in the absence of coronavirus. If applicable, this should include any furloughed income received. • Total projected taxable income for 2020/21 is less than £50k. The company/companies in which you are an eligible director must: • Be currently trading but impacted by reduced demand due to coronavirus, or previously trading but temporarily unable to due to coronavirus. • Be based and operating in Northern Ireland. • Have been trading at 1 March 2020 (i.e. prior to the COVID-19 pandemic). • Intend to continue trading. Ineligible if; • Individual is eligible for the Newly Self-Employed Support Scheme. • Directors of investment companies or property companies (unless you hold other qualifying directorships.) • Directors of companies that only started trading after 1 March 2020. • Directors who finance the business but do not work in it. • PSCs where the PSC is a trust or limited company, i.e. only individuals who are PSCs can apply. • The applicant has failed to comply with a COVID-19 prohibition notice, served by the Police Service of Northern Ireland (PSNI), under regulation 7 of The Health Protection (Coronavirus, Restrictions) Regulations (Northern Ireland) 2020(b). • The grant to be paid from the Limited Company Director’s Support Scheme will result in the company that has paid your PAYE Salary, exceeding its applicable European Union ‘de minimis’ ceiling. Find more detail on state aid rules.
COVID-19 SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period Covered Web Links Opened • HMRC aims to support self-employed Eligibility; Ongoing November 2020 to https://www.gov.uk/ individuals (including members of Self-employed individuals (including partnership January 2021 guidance/claim-a- Partnerships) whose income has been members) will qualify for the scheme if: grant-through-the- negatively impacted by COVID-19. • They have made at least one tax return showing a 4th Grant: coronavirus-covid-19- • Cash grant to self-employed individuals or year’s worth of trading income; February to April self-employment- partnerships worth up to 80% of average • Their annual profits are no more than £50,000 in 2021 - TBC income-support- Self-employed Grant monthly trading profit over the last three 2018/19 or an average trading profit of less than scheme years, capped at £2,500 per month for 3 £50,000 from 2016-17, 2017-18 and 2018-19; (3rd grant) months. • They have submitted their self-assessment tax • Paid in a lump sum for 3 months. return for 2018/19 by 23 April 2020; • Taxable as part of self-employed profits. • They earn more than 50% of their annual income • Once a claim is submitted, HMRC will from self-employment (eg it is expected that those inform taxpayers straight away and with high levels of rental income in addition to payments will be made directly to the tax- self-employed profits would not qualify); and payers bank account within 6 working days • They were trading during 2019/20 and will carry once the grant has been approved. on (when the COVID-19 crisis is over) and have lost income as a result of the crisis. You can still apply even if you did not make a claim for the first or second grant earlier in the year. • Scheme aimed at supporting newly self- Eligible if; Ongoing https://www.nibusi Newly Self-Employed employed individuals impacted by COVID- • Self-employed and operating in NI nessinfo.co.uk/sites Support Scheme 19. • Commenced trading in the period 6th April 2019 – /default/files/2021 (NSESS) • The scheme offers a one-off grant of 5th April 2020. -01/Newly-Self- £3,500 to newly self-employed • Must have been trading at 1st March 2020. Employed-Support- individuals. • Unable to trade or demand reduced due to Scheme-Guidance- • Deadline: Friday 5th February 2021. COVID-19. Notes-7-January- • >50% of your income in 2019/20 is from self- 2021.pdf employment. • 2019/20 trading profits were less than £50,000. https://www.invest • Experienced a 40% decline in trading profits between 1st March and 30th November 2020 ni.com/newly-self- • Intend to continue as sole trader. employed-support- • Not able to access Self-employment Income scheme Support Scheme (SEISS). Applying; • Complete online eligibility checker (see web link). • If eligible you will be directed to an online application. Income Tax Deferral • Income Tax payments due in July 2020 Ongoing https://www.nibusi for the Self-Employed under the Self-Assessment system can be nessinfo.co.uk/cont deferred to January 2021. ent/coronavirus- • Late payment penalties won’t be charged defer-your-self- in the deferral period. assessment- payment
OTHER SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme Period covered Web Links opened • £8.5 million funding package for Childcare providers eligible to apply include; Ongoing 1st September 2020 https://www.early- Childcare Sustainability the childcare sector. • Childminders; to 31st December years.org/csf- Fund (CSF) • Scheme aims to assist with • Daycare settings; 2020 sustainability#sustain additional costs of Health • School-age childcare settings; ability-streams Regulations of COVID and support • Community & Voluntary creches; and financial viability in a time of low • Playgroups. demand. Eligible if; • Operational during 1st September • Providers have been re-activated by their Health & 2020 – 31st December 2020 and are Social Care Trust; still operating. • Operational in the period specified; and • Deadline: Friday 5th February 2021 • Operating at present. at 5pm. Ineligible if; • The amount of funding available • A commercial crèche (leisure centres etc.) or crèche will depend upon the type of fully funded by the government. childcare provision offered Applying; (Childminder etc.) and the • Family Support NI will email all eligible beneficiaries. opening/operational date • If you think you may be eligible; Contact Early Years following endorsement from the Childcare Support Fund at sustainability@early- HSC Trust. years.org. • This scheme is designed to provide Eligible if; Ongoing 1st September 2020 https://www.early- Childcare Temporary financial assistance for COVID-19 Childcare provider has had to fully close their setting etc. to 31st December years.org/csf- Closure Support Fund related closures in the childcare on a temporary basis due to; 2020 temporary-covid19 (CTCSF) sector between September and • A positive COVID test of a member of December 2020. staff/childminder/child. • Operational during 1st September • Inability to comply with the staff:child ratio due to 2020 – 31st December 2020 and are staff members having to isolate as advised by PHA. still operating. • Providers have been re-activated by their Health & • Deadline: Friday 5th February 2021 Social Care Trust. at 5pm. • Operational in the period specified. • Funding will be allocated to • Operating at present. eligible providers based on the Ineligible if; type and/or size of provision and • Not fully closed. the length of period of closure. • HSC Trust has not been notified of closure. • Isolation is due to travelling abroad. • Children who are isolating as a result of being a close contact of a person who has tested positive. • Any settings fully funded by the government. • Commercial crèche. • Where a charge has been made to a parent during the period of closure that hasn’t been refunded. Applying; • Family Support NI will email all eligible beneficiaries. • If you think you may be eligible; Contact Early Years at covidrelatedclosures@early-years.org.
OTHER SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme opened Period covered Web Links • £500 million scheme aimed Eligible if; Ongoing 28th July 2020 to https://www.gov. Film & TV Production assisting TV shows and films get • Produced solely by an Eligible 30th June 2021 uk/government/pu Restart Scheme (FTPRS) back into production. Participant or by that Eligible blications/film-tv- • Compensation will be given to Participant and one or more Co- production-restart- those productions who incur costs producers; scheme/film-tv- caused by COVID-19 restrictions • At least half of the production budget production-restart- such as delays and illness of staff. is spent in the UK; scheme-draft-rules • Delayed productions – receive up • Meets the Cultural test and to 20% of production budget. Commercial Viability Criteria (see web https://www.gov. • Abandoned productions – receive link); up to 70% of production budget. uk/government/pu • Not an Excluded production. • Cap of £5million per production. blications/film-tv- • Deadline to Register: Midnight production-restart- 30th April 2021. scheme/film-tv- • Deadline for Claims: Midnight 30th Applying; production-restart- November 2021. • Applications to be made via Marsh scheme-draft- • Claims can be for losses up to Commercial – applications can be explanatory-notes 30th June 2021 and claims can be obtained from their website (see web backdated to 28th July 2020. link). https://www.mars hcommercial.co.uk /campaigns/film- and-tv-restart- scheme/ • Scheme aimed at assisting the Eligible if; Ongoing https://www.gran Sport Sustainability Fund sport sector as a result of the • A recognised governing body of sport. trequest.co.uk/Lo (SSF) impact of COVID-19. gin.aspx?ReturnUrl • Deadline: 4pm – 20th January Applying; =%2fapplication.as 2021. • Clubs apply through their governing px%3fSA%3dSNA%2 body by submitting an excel showing 6FID%3d35118%26si current and historic income and d%3d145&SA=SNA& expenditure. FID=35118&sid=14 • Governing body to complete 5 application through Sport NI’s Internet Grants Applications Manager (IGAM) portal.
OTHER SUPPORT PACKAGES Funding Key Points Eligibility & Applying Scheme opened Period covered Web Links • The £11.7 million fund will provide To be eligible, charities must: 6 January 1 October 2020 to https://www.nibu Covid-19 NI Charities financial support to charities that: • Be established prior to 31 March 31 March 2021 sinessinfo.co.uk/c Fund (second phase) o have lost income due to 2020. ontent/coronavirus the impact of COVID- • Be a lawfully operating charity as -covid-19- 19; and defined by the Charities Act (NI) charities-fund- o are unable to cover 2008. second-phase unavoidable costs • Have at least two unrelated people between 1 October 2020 on its board or committee. and 31 March 2021. • Have a UK bank or building society • Funding up to £75,000 per account in the legal name of the organisation will be available. charity with at least two unrelated • Previous applicants and awardees people who can manage the account. are able to apply in recognition • Have been financially stable prior to that the support applied to a the impact of COVID-19. different six month period. • Be able to demonstrate that • Charities which were previously fundraising or trading income has ineligible due to having received reduced due to the impact of COVID - other COVID-19 support funding 19. may also be able to apply. • Be unable to meet unavoidable costs • Community Finance Ireland (CFI) up to 31 March 2021. will deliver the second phase of • Have unavoidable costs that cannot this fund on behalf of the Northern be covered by existing grants or Ireland Executive and the public funding. Department for Communities. Ineligible if; • Community Amateur Sports Club. • Community Interest Company. • Non charitable social enterprise. • Non charitable trading arm. Apply: • Guidance notes and application form available.
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