The announcement followed a meeting between DUP representatives and Secretary of State Chris Heaton-Harris.
Leaders of the five main political parties in Northern Ireland had jointly called for an emergency scheme, prompting calls for government intervention in the absence of the Stormont Executive. The Northern Ireland Office (NIO) confirmed ongoing talks with the Treasury but emphasized that nothing had been confirmed yet.
Upper Bann DUP MP Carla Lockhart expressed confidence in an upcoming announcement and mentioned a scheme in England to help those affected by Storm Babet.
While she did not specify the exact amount of funding, she indicated that a "significant amount" would be required. The scheme may involve measures similar to the rate relief holiday provided to businesses in Northern Ireland during the COVID-19 pandemic.