Businesses in England previously benefited from a 75% discount on their business rates in sectors like retail and hospitality.
The letter, which has been signed by 23 organisations, calls on the finance minister to announce “appropriate rates relief” for businesses in Northern Ireland.
A spokesperson for the Department of Finance said £275 million of rate relief is currently provided to support businesses.
It said: “Some £58.2 million has been taken out of the Executive’s funding in relation to business rates.
“This is compared to the 2024-25 position which was reflected in the Executive’s baseline.
“Any support provided for this purpose would need to be considered alongside other priorities with the pressures on the Executive’s finances being well documented.”
Among those to have signed the letter are Retail NI, Hospitality Ulster, and Chambers of Commerce in Antrim, Ballycastle, Ballymoney, Banbridge, Bangor, Belfast, Causeway, Lisburn, Londonderry, Newry, Newtownards, and Omagh.
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